10
May
01:00
Weak rouble, cost-cutting seen supporting NLMK ebitda margin above 25% in 2015
Fitch sees a continued weak rouble and cost-cutting initiatives supporting an ebitda margin of slightly above 25% at NLMK in 2015. The Russian steelmaker’s shipments are projected to grow 0.2% on-year this year, followed by 0.6% thereafter. Average realised sales prices are seen down 18% in 2015, with an annual 2% recovery thereafter.
The sharp rouble devaluation boosted NLMK’s profitability in the fourth quarter of 2014 and Q1 2015 despite weake…
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Anonymous
Very good overview of the weekly steel market.
Anonymous