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03 Mar
00:00

QE, cheap oil and weak euro boost EU steel in 2015, but deflation a concern: PwC

The European steel industry could be supported in 2015 by quantitative easing in the Eurozone, lower oil prices and a weakening euro exchange rate. However, much will depend on the avoidance of downside risks including potential deflation and worsening economic data, consultants PricewaterhouseCoopers say in a report seen by Kallanish. Against this backdrop, metals mergers and acquisitions (M&A) activity in Europe remains subdued. Deal volume in western …
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