20
May
01:00
Metalloinvest steel performance down in 2015, weak rouble supports profitability: Fitch
Fitch expects Metalloinvest’s steel segment performance to decline in 2015 owing to weak steel and pig iron prices in export and domestic markets. The Russian firm’s profitability, however, is expected to remain strong, despite further iron ore price softening, due partly to rouble weakness.
Despite the weak price environment, the steel segment posted ebitda of $424 million in 2014 versus negative ebitda of $24m in 2013. Ebitda margin is seen at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous