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06 Mar
17:16

Moody's sees 232 hurting manufacturing

US President Donald Trump’s proposed 232 tariffs are likely to be a boon for domestic steelmakers and a bust for their end-user customers, Kallanish learns from analyst Moody’s. “The administration’s decision is credit positive for steel producers in the US because it immediately will lead to stronger domestic demand as imports are curtailed, steel prices rise, and cash flow generation increases,” Moody’s says in a research no…
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