27
Aug
15:05
Steel recovery, high-grade ore improve Metalloinvest credit outlook
Fitch Ratings has lifted Russian iron ore and steel producer Metalloinvest's credit outlook from stable to positive and affirmed its long-term issuer default rating (IDR) at 'BB'.
The outlook revision reflects "…continued financial improvement, recovery in the global iron ore and steel markets driven by supply-side reforms in China, and increased preference towards higher-grade iron ore products that the group produces,” Fitch…
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Anonymous
Very good overview of the weekly steel market.
Anonymous