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Russia: Standard & Poor’s Global Ratings revises MMK outlook to stable

PJSC Magnitogorsk Iron & Steel Works, one of the world’s largest steel producers, announces that Standard & Poor’s Global Ratings has revised MMK outlook from positive to stable and affirmed the rating at BBB-. The outlook revision reflects uncertainties about near-term economic prospects, demand/supply and pricing for steel and raw materials, potential protection measures, and…