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Moody’s downgrades Europe steel outlook

31 October 2011

Ratings agency slaps ‘negative’ rating on EU steel sector, cites macroeconomics

Keywords: Moody's, steel, refractories, ArcelorMittal, Tata Steel UK, SSAB

Moody’s has downgraded its outlook on the European steel industry to ‘negative’ due to sovereign debt and weak macroeconomic conditions, the ratings agency said.

The outlook has been ‘stable’ since March 2010,...

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