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06 Nov
14:57

Asia/Europe growth, China capacity cuts boost Tata: Moody's

Strong growth prospects in India, Europe and Southeast Asia, with apparent steel consumption slated to grow amid capacity removals in China, augur well for Tata Steel, according to credit rating agency Moody’s. Moody's expects China's steel production capacity to continue to decline with the government's implementation of supply-side reforms and environmental protection measures. These have forced the closure of inefficient mills and prompted c…
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