Moody's: US steel industry outlook revised to stable from negative
New York, December 09, 2016-- The outlook for the United States steel industry has been revised to stable from negative on the back of rising prices, improving capacity utilization and declining imports, Moody's Investors Service says in a new report. The outlook reflects Moody's expectations for the fundamental business conditions in the sector over the next 12 to 18 months. Hot-rolled coil prices have risen three times, to $560/ ton, since bottoming out in October at about $470/ ton.
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