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As Market Conditions Improve, Steelmakers Appear Ready to Invest
04/26/2017 - Steel prices and demand appear to beginning to recover, and steelmakers are starting to lay new bets on gradual improvement, reports the Bloomberg new service.
According to Bloomberg, combined capital spending at three of the world’s biggest steel companies is estimated to rise 29 percent to US$6.7 billion this year, Bloomberg said.
“There is a general feeling among the companies that the worst is behind, that higher prices and profitability are not just a blip,” Societe Generale Sergey Donskoy told Bloomberg.
Bloomberg has more on the story here.
“There is a general feeling among the companies that the worst is behind, that higher prices and profitability are not just a blip,” Societe Generale Sergey Donskoy told Bloomberg.
Bloomberg has more on the story here.
