25.11.2015 04:02:00

POSCO -- Moody's: Negative outlook for Asian steel industry reflects weak profitability amid oversupply

Hong Kong, November 25, 2015 -- Moody's Investors Service says that its negative outlook for Asian steel companies reflects its expectation that profitability for the steelmakers will continue to decline, as oversupply and weakening demand in China (Aa3 stable) will further weaken prices.

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