14
Jan
09:27
Risk of more 2016 steel downgrades says S&P
Low steel prices and sluggish demand, particularly in China, Brazil and Russia which are diverting output to export markets, could trigger further negative ratings actions for steelmakers in 2016, says Standard & Poor’s (S&P).
Record-low freight rates are facilitating exports to overseas markets, resulting in excess supply and pricing pressure in destination markets. “In this environment, we see reluctance among steel consumers to place order…
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Anonymous
Very good overview of the weekly steel market.
Anonymous