Moody:Weakening Steel Demand in China

摘要

Moody’s Investors Service says that Asian steel companies face increasing operating challenges in2015,as Chinese steel demand slows.Moody’s could change its outlook on the Asian steel sector to negative from stable if this weakness persists.According to Moody,China’s Purchasing Managers’Index(PMI)fell to 49.8 in January,which indicates a contraction in manufacturing activities.In another sign that manufacturing is slowing,steel prices fell more