10
Apr
09:39
Moody's downgrades Brazilian steel sector's 2020 outlook
The performance of the Brazilian steel industry is set to decelerate throughout 2020 impacted by a gradual decrease in consumption due to the Covid-19 outbreak, Moody`s says in its latest investor report on Brazil. The forecast reflects negative conditions for the steel sector primarily on business confidence for the industry, steel inventories and profitability indicators, the analyst says in the report monitored by Kallanish.
“We expect steel demand in Bra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous