10
Dec
16:44
Moody's signals negative outlook for EU steel market
Moody’s foresees a negative outlook for the European steel sector in 2020, the company says in a presentation sent to Kallanish. The rating agency notes that the outlook could change only if fundamentals for the continent’s economy perform better than expected and margins for steelmakers improve further.
Moody’s expects the slower economic growth and persistent weak demand from key steel-using markets to continue to weigh on the sector. The fir…
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Anonymous
Very good overview of the weekly steel market.
Anonymous