02
Sep
11:07
Moody's lowers steel price assumptions, remain above average
Moody’s has lowered its price assumptions for the next 12 months for steel and coking coal to reflect weakening demand resulting from the global economic slowdown.
The credit rating agency says that following their peaking in March/April and subsequent decline, steel prices could soften further yet remain above historical levels longer term for two reasons. These are increased demand for scrap and metallics as steel producers focus on reducing carbon emissio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous