08
Oct
17:38
Moody's: Auto, energy drag US HRC down
Ratings agency Moody’s recent downgrade of the entire steel sector to negative is predicated on a drop-off in two major end-markets – auto and energy, Kallanish learns from the agency’s report.
Moody’s predicts US automakers will produce between 16.8-17.1 million vehicles this year, down from 17.3m in 2018. The on-going United Auto Workers/General Motors strike could swing that figure toward the low end (see related story).
Concurrentl…
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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