01
Mar
16:12
Evraz 'cautiously optimistic' on 2017, expects deleveraging
Evraz is cautiously optimistic about the market environment in 2017 and expects resilient free cash flow and deleveraging thanks to cost-cutting and moderate capital expenditure.
This comes after the Russian steelmaker saw consolidated revenue drop -12% on-year in 2016 to $7.71 billion, although net loss narrowed 74% to $188 million. Ebitda rose 7.2% to $1.54 billion.
“Overall, thanks to favourable market conditions and numerous improvement initiat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous