13
Apr
18:15
Price recovery, new capacity seen boosting Metalloinvest's finances
Fitch expects Metalloinvest to reduce leverage to 2.5-3x in 2017 as steel prices recover and the Russian producer’s new production capacity ramps up. The credit rating agency has affirmed Metalloinvest’s Long-Term Issuer Default Rating (IDR) at 'BB', with the outlook at stable.
The rating also reflect Metalloinvest's top-three iron ore pellet and leading merchant hot-briquetted iron position globally, Fitch says in a note seen by Kallanis…
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Anonymous
Very good overview of the weekly steel market.
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