29
Sep
15:10
Macquarie cuts EU forecast amid recession, manufacturing deterioration
Macquarie has cut its EU crude steel production forecast for 2023 to a 2.3% on-year decline, followed by a 5% on-year rebound in 2024.
A eurozone recession likely commenced in the third quarter, with the downturn in the manufacturing sector having broadened, plus consumer services activity slowing, the financial services firm observes.
The manufacturing PMI has fallen below the levels seen during the euro crisis in 2011/12 and indicates there is still further for…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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