Obama administration sets hearings on global steel industry

[WASHINGTON] The Obama administration on Monday said it would hold hearings this week to seek comments on the global steel industry and the impact of overcapacity on US steel producers.

US trade representative Michael Froman will preside over a hearing on Tuesday and commerce secretary Penny Pritzker will oversee a hearing on Wednesday, Froman's office said in a statement.

The United States has criticized Beijing for its heavy support of China's steel industry, which the Obama administration argues has led to overproduction that has cost US jobs.

REUTERS