11
Dec
16:56
Russian steel sector's 2020 outlook remains stable: Moody's
Moody’s anticipates a stable outlook for the Russian steel sector in 2020, driven by a manufacturing PMI index of 50-55 supporting high capacity utilisation at 75-85%. Domestic steel demand will grow modestly meanwhile.
GDP growth will aid stability, but 2019-2020 growth it will be lower than the 2.3% achieved in 2018, at about 1.4-1.5%, the rating agency says in a statement sent to Kallanish.
Moody's expects Russian producers' competi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous