04
Jul
15:26
Pig iron hikes boost revenue at Russia's IMH
Industrial Metallurgical Holding (IMH) should see adjusted leverage fall below 3x in 2017. This should happen as high pig iron prices and new coal capacity push up revenue to RUB 85 billion ($1.43 billion) and Ebitdar margin to 23%, according to Fitch Ratings.
In 2018-19 leverage should rise to around 3.5x as price moderation for pig iron drives revenue down to around RUB 65 billion. Margins should settle at 25%, supported by the newly integrated coal opera…
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Anonymous
Very good overview of the weekly steel market.
Anonymous