According to reported that International credit rating agency Moody's recently announced the European prospects of the steel sector by the "negative" was increased to “stable", which is expected from next year. Meanwhile, the euro-zone economy has recovered a little, increase of 0.5% ~1.5%. Besides, the auto sales and the construction industry have improved and the apparent consumption of steel figures will expect to increase in next year. In fact, Moody's prospects in the European steel sector had been “negative” from October 2011 according to source reported.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67384&division=A6
