Moody's: Global steel outlook faces optimistic, upgrades outlook to stable class
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Update time : 2020-10-08 19:59:23
According to the announcement from Moody's Investors Service (Moody's), a global leading provider of credit ratings, research, and risk analysis, the global steel outlook was benefited by the increasing production and market price in the US, which showed the demand resumed stably.
Moreover, the resuming phenomenon has not only happened in the US but the other places, including Asia, the EU, Russia, and Brazil.
This year, the global steel demand had been affected by the impact of the Covid-19, and which not only lead the governments to implement the lockdown measures but also hurt the downstream demand especially in the sales of automobiles.
Moody decided to revise the outlook of the steel industry to stable on October 7th.
