24
May
11:37
Rouble recovery, lower steel prices seen pressuring Severstal
The anticipated recovery in the value of the rouble driven by oil price increases, coupled with -15% lower on-year average steel prices in 2016, will put pressure on Severstal’s profitability, according to Fitch.
Severstal reported a further decline in ebitda in the first quarter, driven by -30% lower on-year steel prices, as well as by lower sales volumes due to seasonality. Nevertheless, Fitch expects Severstal's ebitda margin to remain above 20% dur…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous