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11.02.2016 09:18:00
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Erdemir -- Moody's: Outlook on Europe's steel sector turns negative as sinking prices eat profits
London, 11 February 2016 -- Moody's Investors Service has changed its outlook for the European steel sector to negative as the sharp fall in steel prices weighs heavily on profitability such that it will take at least 18 months to return to levels close to those of 2014. However, Russian steelmakers' lower costs supported by rouble depreciation make them more resilient to steel price declines.
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