June 26, 2019 / 1:14 PM / 4 months ago

Germany: We'd like to extend mandate of Global Forum on Steel Excess Capacity

BERLIN, June 26 (Reuters) - Germany would like to extend the mandate for the Global Forum on Steel Excess Capacity - made up of G20 countries and other industrialised nations - a government official said on Wednesday, but added that this would be difficult.

Steel is being diverted to Europe as a result of U.S. tariffs of 25% and the European Union needs to act, European steel industry chiefs said earlier this month. Steel imports into the EU have more than doubled since 2013 while demand had increased only marginally and is seen falling in 2019, they said. (Reporting by Andreas Rinke Writing by Michelle Martin)

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