01
Oct
12:06
Moody's foresees European demand decline, profitability improvement barriers
European apparent steel consumption will fall -2% over the next 12-18 months as weaker macroeconomic conditions and waning consumer confidence weigh on demand, according to Moody’s.
The credit rating agency has revised down its forecast for eurozone real GDP growth by 0.2 percentage points and 0.1pp respectively in 2019 and 2020 to 1.1% and 1.3%. Moreover, the IHS Markit Eurozone manufacturing purchasing managers' index (PMI) has been below 50 sin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous