G20 effort to eliminate world steel glut - government subsidies obstacle


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    On this relatively  subdued Asian session, a bit of background

    This is on efforts to curtail the world's steel glut, coming via Bloomberg:

    • Excess supply in China is spilling over onto world markets
    • Sparking protectionist measures
    • One hurdle to overcome could be the unwillingness of emerging nations to abandon efforts to nurture their sectors through government support

    More here at the link

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    This article appears in: Investing , Forex

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