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25 Aug
16:31

Credit insurer Atradius expresses concern for German steel

Atradius, the world’s second-largest credit insurer, has observed a weakening of the German steel industry this year and sees continued trouble in connection with the overall industrial transformation. Atradius’ German branch observes that results and forecasts of mills and downstream customers have become cloudier, after relatively good results in the two previous years. The prior period was buoyed by a catch-up effect following the Covid-19 interrupt…
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