07
May
01:00
Severstal ebitda margin to narrow on weaker export prices, deleveraging boosts outlook
Severstal’s ebitda margin of 38.5% in the first quarter will not be sustained due to weakening export prices, and is expected to decline to around 30% in 2015 and 27% in 2016, according to credit rating agency Fitch. The steelmaker is also seen to be on track with cost-cutting initiatives at its mining division.
“Severstal's profitability improved materially in 2014, due to rouble devaluation and implemented cost control measures,” Fitc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous