05
Apr
01:00
Weaker rouble, strong liquidity seen offseting softer iron ore price impact on Metalloinvest
Metalloinvest’s strong cost profile thanks to the 42% rouble devaluation in 2014, combined with adequate liquidity and continued deleveraging will partly counterbalance weakening iron ore prices, according to credit rating agency Moody’s.
The Russian company is adversely affected by its high exposure to iron ore products, “the prices for which demonstrate continuing downward dynamics and are likely, on average, to be weaker in 2015 compared…
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Anonymous
Very good overview of the weekly steel market.
Anonymous