Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

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@ak steel

Comments at the Oct 2015 World Association of Steel symposium in Chicago:

"It is clear that the steel industry has, for the time being,
reached the end of a major growth cycle, which was based
on the rapid economic development of China," said Hans
Jurgen Kerkoff, World Trade Association economics
committee chairman. "Combined with China's slowdown we
also face low investment, financial market turbulence and
geopolitical conflicts in many developing regions."

"We have not seen a real recovery from 2008 to 2009,
since the crisis," he said. "Since then, there's never been a
global recovery."

Here is the link to a great-lakes newspaper article:
Steel demand to remain sluggish for next year or two

*U.S. Midwest Domestic Hot-Rolled Coil Steel Futures NOV 2015 contract at $402 per short ton, which is an unprofitable price level.
 
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