05
Oct
01:00
UBS bank see EU overcapacity disappearing by 2018, and steel profits up
An upbeat UBS believes profitability for the European steel sector could improve by a factor of three to four over the next 2-3 years, in its latest report seen by Kallanish. “We now see signs of an EU recovery,” say analysts at the investment bank in their steel review.
UBS admits it has been cautious for two years, but adds that its more positive message now comes just as “the market has given up believing in a sector recovery, after year…
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Anonymous
Very good overview of the weekly steel market.
Anonymous