Concerns Raised Over Price Volatility and Protectionism at worldsteel Conference
10/12/2012 - Price volatility and fear of increasing barriers to trade were on the minds of speakers and delegates at the annual conference of the World Steel Association that began in New Delhi on Wednesday, Platts reports.
Price volatility and fear of increasing barriers to trade were on the minds of speakers and delegates at the annual conference of the World Steel Association that began in New Delhi on Wednesday.
The global steel industry is "probably going to enter a greater stage of protectionism going forward," the association’s Director General Edwin Basson said.
Although globalization has been driving growth in the steel industry in the last 25-30 years, there are many signals on the "political and economic" fronts that suggest the possibility of increased regional protectionism in the future, he said. These political and economic developments will affect trade and the steel industry as well, he added...
