EU’s Šefčovič confirms push for Western steel club with US and UK

(Caroline Hug – Politico) The European Union is exploring the creation of a Western steel alliance with the United States and the United Kingdom to counter China’s industrial overcapacity, EU Trade Commissioner Maroš Šefčovič confirmed on Saturday. “Wouldn’t it be better to have among the very important economic actors, or G7 countries — or between the U.S. and the EU to start with — [a] common approach to address the global overcapacities [so we] can ring-fence our steel industry?” he said on the sidelines of a World Trade Organization ministerial conference in Cameroon. Britain has actively lobbied to form such an alliance with the EU — with Trade Minister Chris Bryant embarking on a charm offensive earlier this month with visits to Brussels, Paris and the Netherlands. – EU’s Šefčovič confirms push for Western steel club with US and UK – POLITICO