TOPWRAP 2-Steel, carmakers cast doubt on recovery

Newswire

* Steelmakers, automakers downbeat on recovery prospects * Chinese IPOs shine; bubble fears spark market sell-off * British consumer lending rise at record low in June By Phil Blenkinsop and Lu Jianxin BRUSSELS/SHANGHAI, July 29 (Reuters) - The world's top two steelmakers and leading carmakers said on Wednesday any return to growth would be gradual, casting doubt over some economists' forecasts for a recovery starting later this year. Upbeat earnings reports globally in the past ...

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