Moody’s outlook for the global metals and mining sector has turned negative, reflecting expectations that aggregate Ebitda will contract for the largest companies during the coming 12 months.
Steel prices remain above historical averages, but their recent plunge will significantly reduce steelmakers' Ebitda and cash flow, the credit rating agency says.
Prices have softened due to supply-chain disruptions reducing global demand; Covid-related lockdowns a…
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