Owner of Russian Steel Maker Sees Troubled 2014 for Industry

Newswire

* Says 60 pct of sector to stay cashflow-negative in 2014 * Severstal to cut staff by 2-3 percent this year * Targets high-end grades to counter aluminium substitution By Andrey Kuzmin and Svetlana Burmistrova MOSCOW, Feb 28 (Reuters) - Global steel prices will remain flat in 2014, keeping almost two-thirds of producers cashflow-negative, the billionaire owner of Russia's second-biggest producer Severstal said in an interview. Steelmakers have been battling weak steel prices and flagging ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×