17
Jul
10:52
Fitch affirms Metalloinvest outlook, despite lower Ebitda expectation
Fitch has affirmed Metalloinvest’s outlook at stable BB+ due to its strong operational profile, including low cost iron ore, hot briquetted iron and long steel production. The steelmaker’s profitability is seen being pressured in 2020 but it is financially flexible enough to reduce spending if the economic recovery takes longer to materialise than by end-2021.
Fitch expects volatile market conditions to put pressure on Metalloinvest’s 2020 Ebitda…
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Anonymous
Very good overview of the weekly steel market.
Anonymous