A review of the analytical agency of Moody 'S Investors Service published today, Asian manufacturers, the profit of the Asian manufacturers will remain at a record low level next year. “Prospects for Asian metallurgical and mining industries for 2014 are negative. The forecast reflects our expectations that the profit of manufacturers will remain at a historically low level in 2014 against the background of overproduction and slowdown in demand, ”the Moody 'S review says.
Analysts see an increase in demand for steel in Asia by 2 to 3 percent in 2014, since the Government of the PRC has reconciled with a slower increase in GDP and focuses on domestic consumption, moving away from an increase in infrastructure expenses.
Decisive changes could occur with a reduction in excessive and ineffective metallurgical capacities, however, according to Moody 'S, they are currently only declarative, maintaining uncertainty regarding the timing and scale of reduction of capacities.
Moody 'S predicts the historically low profit level among Asian manufacturers of steel
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Azovpromstal® 11 December 2013 г. 12:54 |
