12
Dec
17:48
S&P upgrades MMK, NLMK ratings despite global downturn
Ratings agency Standard & Poor’s has revised outlooks for Russian steel producers MMK and NLMK to Positive, having affirmed both of the companies' ratings.
Despite the global steel industry downturn, Russian steelmakers' performance is robust due to low production costs and ongoing stable domestic demand. MMK and NLMK stand out by having a funds from operations to debt ratio (FFO) considerably above 60%. There is a chance their rating…
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Anonymous
Very good overview of the weekly steel market.
Anonymous