Dr. Priebe Consulting
has started publishing research for Cbonds. You can find first research here: http://cbonds.com/pages/Dr._Priebe_Consulting
. Dr. Carsten Priebe, Economist, follows the financial markets for more than two decades in different roles: Financial Journalist, Analyst, Portfolio Manager and Researcher.
The Russian steel industry was under pressure during the last years mainly from Chinese steel producers, which dominate the market. The state-planned consolidation of steel producers in China is making slow progress. A positive sign for Russian producers could be that Chinese steel output in 2017 is expected to be on the same level as 2016 or increase only slightly and the majority of the crude steel will be consumed in the People’s Republic itself. This opens up new opportunities for other low cost producers, especially Russia. Even if the Russian economy is still in a difficult situation there are signs of a significant recovery. This will further support leading steel producers in Russia who are already highly profitable due to their low cost of production. The financial position of most of the companies is attractive.
|Dr. Carsten Priebe, Economist, follows the financial markets for more than two decades in different roles:
Financial Journalist, Analyst, Portfolio Manager and Researcher.|