Related by context. Frequent words. (Click for all words.) 57 restocking 54 seasonally weak 53 deleveraging 51 inventories 50 cyclical downturn 50 slowdown 50 upturn 49 sequential improvement 47 seasonality 47 cyclical 46 downturn 45 capex 45 comparatives 44 overcapacity 44 oversupply 44 deceleration 44 gross margins 43 capacity utilization 43 raw material 43 outperformance 43 monetary tightening 43 recessionary 43 downward correction 43 seasonally 42 offtake 42 rationalization 42 discounting 42 gross margin 41 bottoming 41 #H# [008] 41 disinflation 41 commodity prices 41 scrappage scheme 41 headwinds 41 softness 41 Gross margins 41 curtailments 41 retrenchment 40 refining margins 40 recession 40 contraction 40 Q4 40 softening 40 profitability 40 inventory 40 oversupplied 40 upward revisions 40 steepening 39 supply chain 39 nonresidential construction 39 economic downturn 39 headcount reduction 39 cyclicals 39 markdowns 39 vertical integration 39 hot rolled coil 39 uptrend 39 capital expenditure 39 emerging markets 39 shutdowns 39 deflationary pressures 39 Capacity utilization 39 divestments 39 flattish 39 deleverage 39 downward revision 38 ferrochrome 38 stocking 38 decelerating 38 retrenchments 38 CY# [002] 38 Q2 38 downtrend 38 Little Ice Age 38 headcount reductions 38 Inventories 38 downward revisions 38 tailwinds 38 underperformance 37 Margins 37 Q1 37 sequential basis 37 negatively impacted 37 Q3 37 EBITDA margin 37 underlying fundamentals 37 newsflow 37 sales 37 choppiness 37 Business Briefing learns 37 macroeconomic 37 restructuring 37 sequential 37 deflationary 37 unwinding 37 lay offs 37 nondurable goods 37 tightening cycle 36 adversely impacted 36 rebalancing 36 pricing pressures