01
Apr
13:57
Russian flat steelmakers cope well with pandemic: Fitch
Strong cost positions have allowed major Russian flat steelmakers to maintain high utilisation rates throughout the pandemic and generate sufficient cash flows to fund large capital expenditure, says Fitch Ratings.
Fitch has affirmed Severstal, NLMK and MMK’s long-term issuer default ratings (IDR) at BBB and their outlook remains “stable”.
All three Russian steel companies were less affected by the collapse in demand resulting from the pand…
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Anonymous
Very good overview of the weekly steel market.
Anonymous