17
Sep
14:10
Metinvest deleveraging prospects improve: Fitch
Fitch has assigned Metinvest upcoming notes issue an expected 'BB-(EXP)' senior unsecured rating. Prospects for cash flow generation to support deleveraging by end-2021 are now firmer than at the rating review in June, the credit rating agency says.
“Metinvest's steel assets at Mariupol are mid-ranking in site costs for liquid steel, while iron ore and coal assets are higher-cost on average,” Fitch says in a note seen by Kallanish. “A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous