09
Feb
00:00
Export duties to curtail Russia mills' price hikes and competitiveness: Moody's
The potential introduction by Russia of steel export duties would make it more difficult for Russia's producers to increase prices to their domestic market, as well as moderate the positive effects of the rouble devaluation on steelmakers’ profit margins. This would be credit negative for Russian steel mills, according to credit rating agency Moody’s.
The Russian government said last week it could introduce export duties if over the coming we…
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Anonymous
Very good overview of the weekly steel market.
Anonymous