10
Nov
13:17
Russia steel, ore exports become unprofitable: BCS GM
Exports of Russian steel and iron ore are currently unprofitable on average, while profitability in the domestic market is in positive territory, exceeding 30%, according to a survey by investment bank BCS Global Markets (BCS GM).
The sector is thus surviving purely on the basis of the domestic market, the bank confirms to Kallanish.
According to BCS GM, expensive logistics and a strong rouble have caused this situation. For Russian steel exports to China to brea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous