28
Jan
00:00
Soft economic growth to challenge Brazil steelmakers, but imports won't grow: Moody's
Market conditions for Brazilian steel producers will remain challenging in 2015 due to the country's soft economic growth over the next several quarters. Imports will not increase however because of the depreciation of the Brazilian real, according to credit rating agency Moody’s.
The agency has downgraded to Ba3 from Ba2 the corporate family rating assigned to Brazil’s largest flat steelmaker Usinas Siderúrgicas de Minas Gerais (Usimi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous