29
Jun
13:30
China reopening rebound improves global steel outlook: Fitch
Fitch Ratings has upgraded its global steel sector outlook to Neutral from Deteriorating due to stronger demand in China following its post-Covid reopening and increased government infrastructure spending.
Earnings expectations in North America, India and Brazil remain above mid-cycle levels, while performance of European steelmakers remains more affected by weak economic growth and high and volatile energy prices.
Stronger-than-expected performance in China is t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous