Moody's Investors Service has revised the outlook for Asian steel industry to stable from negative on expectation that profitability will remain steady."We expect profitability of our rated Asian steel companies -- measured by EBITDA per tonne -- to remain stable during the coming 12 months following a significant improvement that began in the second half of 2016," Chris Park, an Associate Managing Director was quoted as saying.Removal of excess steel-production capacity in China and broadly steady steel demand in the region will be the main drivers of this profitability, explained Park.Stable outlook also reflects the state of China's Purchasing Managers'...