According to MOTIR, Minister for Trade Park Jung-sung of the Ministry of Trade, Industry and Resources attended the 9th Global Forum on Steel Excess Capacity in Milwaukee, Wisconsin, on September 30, 2026. MOTIR said trade ministers and senior representatives from 33 countries, including the United States, the EU, Australia and Türkiye, participated in the meeting. In his remarks, Park stressed that addressing excess capacity requires adherence to basic principles, including voluntary corporate restructuring and WTO-consistent trade remedies, while strengthening cooperation among GFSEC members to build resilient supply chains. The supplied material does not identify specific outcomes, agreements or implemented measures from the forum.
MetalMate summary of the linked evidenceCommercial context
Why it matters: The meeting indicates continued international policy attention to steel excess capacity, with Korea positioning itself around market-oriented restructuring and WTO-consistent trade remedies rather than arbitrary measures. For steel producers and traders, the emphasis on supply-chain resilience and GFSEC cooperation may shape expectations for future trade-remedy coordination and restructuring pressure. However, because the supplied material does not report binding commitments or new measures, the immediate commercial effect is limited to signalling.
MetalMate analysis- MOTIR said Minister for Trade Park Jung-sung attended the 9th GFSEC in Milwaukee, Wisconsin, on September 30, 2026.
- MOTIR said 33 countries participated, including the United States, the EU, Australia and Türkiye.
- Park called for voluntary corporate restructuring, WTO-consistent trade remedies and strengthened GFSEC cooperation, according to MOTIR.
- Park linked those principles to building resilient supply chains among GFSEC members.
- The supplied material does not identify specific outcomes, agreements or implemented measures from the forum.
Whether GFSEC members follow the Milwaukee discussion with concrete cooperation, trade-remedy actions or restructuring commitments, and how Korea translates its stated principles into domestic or international steel policy. Also watch for follow-up GFSEC statements or national measures that clarify any next steps.
Source & methodology +
MetalMate separates original-source evidence from summary and analysis. Verify the original source before procurement, legal or engineering decisions.
- Article status
- Published · Version 1
- Source date
- Not supplied
- MetalMate publication
- 15 October 2026
- Verification
- Automated evidence checks; not human reviewed
9th Global Forum on Steel Excess Capacity — Ministry of Trade, Industry and Resources