Slowing Chinese Demand will Increase Challenges for Asian Steel Companies - Moody's

  • Thursday, February 26, 2015
  • Source:ferro-alloys.com

  • Keywords:steel, Chinese economy
[Fellow][Ferro-Alloys.com]Signalling tough road ahead, rating agency Moody has warned that slowdown in Chinese steel sector is likely to take its toll on steel makers in Asian countries as it sees little chance of reversal in downturn in Chinese economy amid continued...
[Ferro-Alloys.com]Signalling tough road ahead, rating agency Moody has warned that slowdown in Chinese steel sector is likely to take its toll on steel makers in Asian countries as it sees little chance of reversal in downturn in Chinese economy amid continued weakness in it property market, which accounts for more than 50% of Chinese steel consumption. 
 
Moody's Investors Service says that Asian steel companies face increasing operating challenges in 2015, as Chinese steel demand slows. Moody's could change its outlook on the Asian steel sector to negative from stable if this weakness persists.
 
Moody's analysis is contained in its just-released report "Signs of Weakening Steel Demand Are Emerging in China," authored by Jiming Zou, a Moody's Analyst. Moody's last changed its outlook to stable from negative in August 2014.
 
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