ATON organized ‘Steel Day’

10/05/2016

On October 5 senior representatives of steel companies and investors gathered to discuss industry perspectives. The event hosted by ATON took place at InterContinental Moscow Tverskaya Hotel.

Top managers of Severstal, MMK, NLMK and TMK as well as representatives of investors, ATON clients, were among participants.

The first half of 2016 was marked by rapid rally in steel prices and rising cost of metallurgical companies. However, the future prospects for the sector remain vague due to high elasticity of the Chinese producers, the approaching seasonal decline in demand on the Russian market as well as the growing global protectionism. In the third quarter the coking coal has risen in price more than twice, what could affect the profitability of steel producers in different ways.

Traditionally, the event was held in a format of meetings in small groups that allowed to discuss general questions as well as the situation in the industry and particular companies in details.

ATON organizes such events with the participants from different sectors on a regular basis. Earlier in 2016 ATON held ‘Fertilizers Day’, ‘Oil and Gas Day’, ‘Consumer and Retail Day’ and ‘Russian Utilities Day’.

Meeting reports are available for ATON clients.


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