27
Mar
13:54
Chinese manufacturing, ore demand worsen shipping outlook: Moody's
Moody’s has changed its outlook for the global shipping industry to negative from stable due to Covid-19’s impact on Chinese manufacturing output and demand for coal and iron ore in China.
The Ebitda of shipping companies globally could decline by -25%-30%, given the rapid spread of the coronavirus and deteriorating global economic outlook, the credit rating agency says.
The slow resumption of manufacturing operations in China is a plus for the dry bu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous