22
Jun
15:28
Fitch downgrades Metinvest outlook, steel consumption to contract
Fitch has changed the outlook on the ratings of Ukrainian steelmaker Metinvest to negative from stable due to the firm’s weak financial position at the start of the Covid-19 pandemic.
“Our decision also takes into account the management's initiatives to reduce operating costs over the next two years and suspend dividends until markets recover,” the credit rating agency says in a note seen by Kallanish.
However, focus on free cash flow g…
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Anonymous
Very good overview of the weekly steel market.
Anonymous