21
Feb
14:24
Deleveraging, iron ore seen boosting Metalloinvest performance
Russian steelmaker Metalloinvest will report strong financial results for the second half of 2016 thanks to its deleveraging action and higher-than-industry-average profitability, according to Standard & Poor’s.
This, coupled with the positive trend in iron ore prices, has led S&P to revise its outlook on Metalloinvest to stable from negative, and affirm its 'BB' long-term corporate credit rating.
The average benchmark price for 62% Fe i…
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Anonymous
Very good overview of the weekly steel market.
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