WRAPUP 3-Major steel producers fail to reach deal on overcapacity, U.S. chides China
(Adds China Commerce Ministry comment)
* Belgium OECD meeting fails to tackle global steel glut
* Washington says Beijing must act or face possible trade action
* China says has cut capacity, criticisms "lazy protectionism"
* China exports a function of competitive advantage - analyst
By Philip Blenkinsop and Sue-Lin Wong
BRUSSELS/BEIJING, April 19 (Reuters) - China and other major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting U.S. criticism of Beijing's approach and an angry response from Chinese officials.
A meeting of ministers and trade officials from over 30 countries, hosted by Belgium and the OECD on Monday, sought to tackle excess capacity, but concluded only that it had to be dealt with in a swift and structural way.
Washington pointed the finger at China over the failure of the talks, saying Beijing needed to act on overcapacity or face possible trade action from other countries. Continuación...