agency Moodys Investor Service Inc. has upgraded Russian
steelmaker OAO Severstals outlook to positive from stable
due to its exposure to strong markets in Russia and the United
States and its relatively low level of debt.
The agency said Aug.
26 it expects Severstal to maintain its current
cost-competitive position as a result of the companys
high level of vertical integration for key raw materials and
self-sufficiency in coal and iron ore.
Moodys said it expects Severstals financial
situation to stay resilient, even in the currently challenging
macroeconomic environment and soft global steel market.
A version of this article was first published by AMM sister
publication Steel First.