Moody's cuts its steel industry outlook to negative from stable, expecting continued weak demand...

|By:, SA News Editor

Moody's cuts its steel industry outlook to negative from stable, expecting continued weak demand for U.S. steel and rising imports. "While capacity utilization levels remain above 70%, they have slowed since peaking in April 2012 and will likely continue at lower levels," Moody's notes. X -0.9%, AKS -1.2%, NUE +0.2%, MT -1.8%, STLD -0.4%.