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23 Jun
17:00

Increased exports, lower imports to offset local demand slump for Russia mills: Moody's

Russian steelmakers' improved credit profiles will help them withstand the recession in 2015 and stagnation in 2016 that will hit demand in the country's construction industry, the biggest steel end-user, according to Moody's. "Steelmakers are in a strong position to withstand an anticipated 10% drop in domestic steel demand in 2015 and ongoing weakness in 2016, as the increase in exports and lower imports compensate for our expectation of a…
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