Members of the OECD (Organisation for Economic Co-operation and Development) Global Forum on Steel Excess Capacity agreed to pursue more tariffs and trade investigations against China and other countries with surplus production. The framework also calls for governments to avoid subsidies that keep loss-making steel mills operating or support new uneconomic plants. The OECD expects excess steel capacity above global demand to reach 745 million metric tons, compared with 601 million tons in 2025. China, which produces more than half of the world’s steel, and India, the second-largest producer and a major exporter, are not members of the 28-economy forum. The agreement came as a US-led G20 trade ministers’ meeting began in Milwaukee, with US Trade Representative Jamieson Greer saying other countries could benefit from adopting stronger trade barriers. Members also agreed to share import data, including the country where steel was melted and poured, to help enforce existing tariffs. The discussions formed part of a broader G20 focus on China’s industrial subsidies and export-driven overcapacity.