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Monday, 23 November 15
NEGATIVE 2016 OUTLOOK FOR WESTERN EUROPEAN STEEL - SAYS FITCH RATINGS

COALspot.com: European steel in 2016 are both negative for the sector and for issuer ratings.

This reflects our expectation that import levels, particularly from China, will remain at high in 2016. In the absence of tariffs or other similar measures imports will continue to place downward pressure on EU steel prices and producer margins.

The outlook for demand from steel-consuming sectors is, however, more promising and factors in a continuing eurozone recovery. We expect all of the key steel-consuming sectors - construction, automotive and mechanical engineering - to show increasing growth in 2016. Steel consumption overall is expected to increase 2%-2.5%, moderately higher than the 1.6%-1.8% growth expected for this year.

Engineering activity is expected to remain the weakest sub-sector but even here we expect growth approaching 1.5% in 2016. 



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Sunday, 22 November 15
INDIA COULD PROVIDE SILVER LINING FOR SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The rise of India as a global player in the shipping market could be just a couple of years away, as the country has the potential to become a seco ...


Friday, 20 November 15
U.S. COAL PRODUCTION FOR THE WEEK ENDING NOVEMBER '14; NO CHANGE FROM LAST WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.5 million shor ...


Friday, 20 November 15
NO IMPROVEMENT SEEN IN NEAR-TERM COAL DEMAND; SWAPS CLOSE LOWER
COALspot.com: Indonesian coal swap for delivery Q1 2016 declined month on month and flat on week over week. Price of coal seen no improvements this ...


Friday, 20 November 15
CHANGING CRUDE SUPPLY TRENDS MAY HELP EUROPEAN REFINERS - FITCH RATINGS
COALspot.com: Changes in global oil supply trends, including high Russian production, the expected renewal of Iranian heavy crude exports and the p ...


Thursday, 19 November 15
CHINA STEEL PRODUCTION CAPACITY TO PEAK IN 2016 - FITCH RATINGS
COALspot.com: Fitch Ratings today says that China's steel production capacity is likely to peak in 2016, with capacity elimination over the nex ...


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