18
Jun
15:31
Moody’s downgrades Evraz outlook, steel market in shock
Moody’s has changed the outlook on the ratings of Russian steelmaker Evraz to stable from positive, due to the view that the company's leverage will remain elevated in 2020.
“Our decision also takes into account the contraction of demand for steel in 2020 in all of Evraz's key regions of presence including Russia and the US, with the construction sector in Russia and OCTG sector in the US particularly hit,” the credit rating agency s…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous