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BAML downgrades Russian steel producer Severstal

Russia and Turkey downside risks highlighted by BAML.

Elliott Holley
Despite a small profit increase, concerns about Russia and Turkey are an adverse factor for the steel company

Despite a small profit increase, concerns about Russia and Turkey are an adverse factor for the steel company

BAML said it was turning cautious on EEMEA steel due to an expected Russia demand slowdown, the global macroeconomic situation, concerns about major steel importer Turkey due to its currency crisis and...

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