13.12.2013 19:36:00
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Moody's: Steel and energy distributors' results set to improve substantially
New York, December 13, 2013 -- The operating results of Moody's-rated steel and energy distributors should improve substantially next year, the rating agency says in a new report, "Prospects Appear Brighter for Steel and Energy Industry Distributors in 2014." Modestly higher demand, higher product prices, acquisitions and cost-cutting should all result in a favorable comparison with a weak 2013.