G20 summit’s protectionist slant a risk for emerging market steel producers
India needs ready access to global steel consuming markets and any protectionist move will put pressure on sales growth and profit growth
A growing trend of protectionism, especially in the rich world, is a concern for the developing world. The US stunned the world with its plan to invoke national security to curb steel imports. The group of 20, or G20, summit’s call for action to global steel industry probably seeks to prevent this move, but could end up hurting steel producers in emerging markets.
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