The United States is considering restricting steel imports

Steel overcapacity into the focus of the G20 Summit European leaders say the leaders of the group of twenty (G20) will discuss steel overcapacity this week at a summit in germany. Earlier, President Trump considered limiting imports of steel to ensure national security. Trump studied the matter in April. Diplomats and trade experts say Trump's restrictions on steel imports may undermine the rules of the global trading system and trigger retaliation in the world, and the extent of retaliation may not be limited to steel. The White House confirmed last week that Trump plans to act as a catalyst for steel import investigations, requiring the group of 20 leaders to take action to reduce steel production capacity. Iron and steel is the second largest industry in the world, second only to the oil and gas industry.