Brussels steel summit fails to find answer to oversupply problem
by Jennifer Rankin in Brussels from on (#1AYQG)
No breakthrough at gathering of 34 nations as Chinese state news agency says it is 'lame and lazy' to blame crisis on China
The world's largest steel-producing nations failed to make a breakthrough on the oversupply problem that has thrown the industry into crisis, at a meeting in Brussels.
Ministers from 34 countries, representing 93% of global steel production, attended Monday's talks, on the day the Chinese state news agency said it was "lame and lazy" to blame China for the problem.
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