09
Dec
00:00
Fitch sees 2.5-3% W. EU steel use growth in 2015, but overcapacity limits price hikes
Credit rating agency Fitch has retained stable rating and sector outlooks for the Western European steel market for 2015, supported by forecasted Eurozone gdp expansion of 1.3%. Household and government deleveraging and structural constraints however remain a drag on growth, the analyst says in a report sent to Kallanish.
Economic growth is supported by US and UK recoveries, euro depreciation and ECB policy loosening. Western European steel consumption is ex…
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Anonymous
Very good overview of the weekly steel market.
Anonymous