US steelmakers may see increase in demand - Report 05/01/2009
Reuters reported that US steelmakers, which are pressing President elect Mr Barack Obama for an aggressive stimulus plan to revive the sagging market, could soon see an increase in demand as buyers move to restock shrinking inventories.
Recession reports - Fitch sees sluggish steel market in H1 of 2009 05/01/2009
According to Fitch Ratings' 2009 global steel outlook report issued recently, Fitch expects the current sharp contraction in steel demand to continue to weigh on steel production and pricing through the first half of 2009. While in the short term the steel market will be in a downturn, the ratings outlooks on the vast majority of Fitch Ratings' steel coverage are stable.
