Lakshmi Mittal has called on Europe to erect trade barriers to protect its ailing manufacturers as the Indian steel tycoon attacked European policy makers for stifling demand through its tough austerity measures.
The owner of the world’s largest steelmaker by sales said that the future of European manufacturing depended on politicians in Brussels helping industry face what he said was unfair competition from China.
The call from the chairman of ArcelorMittal comes amid a wider debate on trade protectionism and as the World Trade Organisation last week appointed a new director-general.
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