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Steel protectionism going global as few can survive low prices

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SATURATED MARKET: "The world is turning into a global trading war in steel because demand is weak, while the industry is in overcapacity crisis," said a strategist at BCS Global Markets, Moscow's largest brokerage.

Moscow

FROM the US to India, regulators around the world are pushing harder than ever to shield local steel industries from foreign competition.

Nations imposed 85 new duties and other taxes on steel imports in the first half, according to the Russian Steel Association, which

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