26
Apr
01:00
Fitch sees Koks ebitda improvement in 2015 on vertical integration, rouble slump
Fitch expects the ebitda margin of Russia’s Industrial Metallurgical Holding (Koks Group) to improve to 28% in 2015 due to increased vertical integration, rouble depreciation and more efficient pig iron production.
Thereafter the ebitda margin should decline due to cost inflation, which Fitch expects will lag the rouble’s fall. Free cash flow over 2016-2018 is expected to be neutral due to an increase in capital spending.
Fitch has up…
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Anonymous
Very good overview of the weekly steel market.
Anonymous