01
Apr
16:17
S&P places Metinvest on credit watch negative
Standard and Poor’s (S&P) has placed Metinvest on a negative credit watch outlook due to the impact of Covid-19 weakening steel demand and production.
The Ukrainian steelmaker is at risk of a financial-covenants breach if it does not achieve Ebitda of at least $300 million in the second quarter, the credit rating agency says.
“Looking beyond the immediate liquidity concerns, we previously saw 2020 as a pivotal year for Metinvest because it is…
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Anonymous
Very good overview of the weekly steel market.
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