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Ukrainian Metal

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Ukraine: Fitch downgrades Ferrexpo rating

Fitch Ratings has decreased the rating of Ferrexpo. The company long-term rating was downgraded from B- to CCC+. Moreover, the agency excluded the company rating from the Rating Watch Negative due to the worsening of working condition in Ukraine and the growth of risks. “The rating reflects high uncertainty as to Ferrexpo financial and operational…


Kazakhstan: coal export up in H1 2022

In January-June, Kazakhstan extracted 57.4 million tons of coal, up by 5.9% YoY, valued at 271 billion tenge. Pavlodar region yielded 33.9 million tons, up by 4.9%, and Karaganda region – 18.4 million tons, up by 2.3%. Exports amounted to 13.7 million tons valued at $344.2 million, up by 21.1% and by 91.5% respectively. Most…