13
Apr
12:29
Booming steel lifts Metinvest, prices to moderate: Fitch
Fitch has changed the outlook on the ratings of Ukrainian steelmaker Metinvest to stable from negative due to strong cash flow generation linked to supportive steel and iron ore markets. This comes amid the global economic recovery.
“Our expectation is of a gradual reduction of gross debt to $2.9 billion over the next three years,” the credit rating agency says in a note seen by Kallanish.
It also takes into consideration that some of this cashf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous