26
Jul
12:07
Russian steel prices seen declining 15% in 2016
Russian domestic steel consumption should decline -5% on-year in 2016, and domestic prices will remain low, although capacity utilisation rates will remain close to maximum, according to Fitch.
Magnitogorsk Iron & Steel Works (MMK), Severstal, and Novolipetsk Steel (NLMK) are facing a more difficult operating environment in 2016 than in 2015. The credit rating agency assumes a -15% decline in steel prices in 2016, followed by a gradual recovery thereafter, b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous