03
Jun
01:00
'Significant uncertainty' Ferrexpo will generate sufficient cash flow: Fitch
There is “significant uncertainty” that Ukraine’s Ferrexpo will be able to generate sufficient positive free cash flow to meet its commitments through 2016, says credit rating agency Fitch. This is because of the agency’s expectation of a $50/tonne average iron ore price through the year.
The Ukraine miner’s proposed 2016 bond exchange offer is considered by Fitch to be a “Distressed Debt Exchange (DDE)”. This has le…
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Anonymous
Very good overview of the weekly steel market.
Anonymous