10
Jun
13:36
Longs focus to support Evraz amid consumption decline
Fitch Ratings has affirmed its stable outlook on the 'BB+' Long-Term Issuer Default Rating (IDR) for Russia’s Evraz Group. Global steel consumption is expected to decrease this year by high single-digit percentage terms.
Covid-19 restrictions have impacted manufacturing activity more extensively than construction, weakening flat steel demand more than for longs, Fitch points out.
Russian crude steel production decreased in January-April by -4% year-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous