08
Apr
13:41
Moody's lowers Russian steel outlook as economy slows
Moody’s has downgraded the Russian steel industry’s outlook to negative from stable because it expects steel demand to fall amid low oil prices, the Covid-19 pandemic and weak manufacturing PMI.
The PMI has for some time been below 50, which indicates a decline in economic activity. It fell to 47.5 points in March from 48.2 points in February, the rating agency says in a statement sent to Kallanish. This level for two consecutive months is one of two q…
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Anonymous
Very good overview of the weekly steel market.
Anonymous