Possibly, but there is no consensus on this. Steroids used for asthma treatment such as pulmicort (inhaled or oral) may possibly temporarily stunt growth in children. This is from drugs.com:
"Cases of growth suppression have been reported for inhaled corticosteroids including post-marketing reports for Pulmicort RESPULES."
http://www.drugs.com/sfx/pulmicort-side-effects.html
Webmd website states that pulmicort may stunt growth in children, but that it doesn't affect final adult height:
"Children may be more sensitive to the effects of too much corticosteroid medication. This medication may temporarily slow down a child's rate of growth if used for a long time. However, it will probably not affect final adult height. Monitor your child's height periodically."
http://www.webmd.com/drugs/drug-19937-Pulmicort+Inhl.aspx?drugid=19937&drugname=Pulmicort+Inhl
It also states:
"The administration of inhaled budesonide via a different dry-powder inhaler in doses up to 800 mcg/day (mean daily dose 445 mcg/day) or via a pressurized metered-dose inhaler in doses up to 1200 mcg/day (mean daily dose 620 mcg/day) to 216 pediatric patients (age 3 to 11 years) for 2 to 6 years had no significant effect on statural growth compared with non-corticosteroid therapy in 62 matched control patients. However, the long-term effect of inhaled budesonide on growth is not fully known."