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09 Oct
13:24

Moody's lifts steel outlook on post-lockdown demand rebound

Moody’s has revised its global steel industry outlook up to stable as demand is picking up following the easing of Covid-19-pandemic lockdowns; however, a virus resurgence is still a key risk for steelmakers. "Demand for steel is improving on a resumption of production in important end markets and on stronger global economic data, particularly in China," Carol Cowan, a Moody's Senior Vice President, says in a note seen by Kallanish. "…
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