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12.12.2013 01:04:00
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NLMK -- Moody's: Stable European Steel outlook supported by improving fundamentals and sentiment
London, 12 December 2013 -- Moody's outlook for the European steel industry is stable and reflects the rating agency's expectations for the fundamental business conditions in the industry over the next 12 to 18 months says Moody's Investors Service in a new industry outlook published today. The European Purchasing Manager Index (PMI) has been above 50 since July which indicates that sentiment is improving, which Moody's expect to translate into a tepid recovery in end user sectors in 2014.
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