The G20 member countries, in the framework of the meeting held in Paris on the initiative of the OECD Steel Committee, signed a number of documents on developing a new structure that will study the problem of excess power. The global forum will have to settle the situation in the world market of metallurgy.

Note that for 15 years this is the second attempt. Agreement on such forum arrangement was achieved in early September in Hangzhou at the G20 summit. Then it was noted that the current situation is of great concern to the key countries, which intend to reduce steel making and to stop subsidizing this industry. Western countries, first of all, place responsibility on China since this country has the largest amount of overproduction. Almost all metallurgical companies in China receive benefits and subsidies, as they relate to the state form of ownership.