16
Dec
14:51
Fitch sees modest 2020 steel recovery, downside risks
Global apparent steel consumption will grow only 1% on-year in 2020. However, capacity utilisation and margins will improve in the second half of the year as long as old, polluting plants close in China and more balanced supply is achieved in Europe. So says Fitch Ratings, adding it forecasts a negative outlook for the steel sector.
Fitch has identified four factors to watch. One is trade tensions and protectionism across the globe and their impact on economic gro…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous