• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Industry Report Card: European Metals and Mining Jul 03 Product Image

Industry Report Card: European Metals and Mining Jul 03

  • Published: July 2003
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Alrosa OJSC
  • Anglo American PLC
  • Arcelor S.A.
  • ArcelorMittal
  • Corus Group PLC
  • Eco-Bat Technologies Ltd.
  • MORE

Abstract
The near-term outlook for credit quality in the global steel and base metals industries remains decidedly negative, primarily due to the ongoing uncertainties surrounding the global economic outlook, which continues to suppress prices for most metals despite actions by producers to reign in production. Indeed, following a very difficult 2001, a year in which Standard & Poor's Ratings Services undertook 68 downgrades to only 11 upgrades in the global metals and mining sector, the downgrade to upgrade ratio for 2002 was 49 to 7 and for the six months ended June 2003 was 23 to 2. Due to industry concerns, credit quality among U.S. metals & mining companies will continue to retain a negative bias at least for the near...

Companies mentioned in this report are:
- Rio Tinto PLC
- Corus Group PLC
- SSAB AB
- Glencore International AG
- Alrosa OJSC
- ArcelorMittal
- ThyssenKrupp AG
- OAO Magnitogorsk Metallurgical Kombinat
- Arcelor S.A.
- Anglo American PLC
- Eco-Bat Technologies Ltd.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, READ MORE >

- Rio Tinto PLC
- Corus Group PLC
- SSAB AB
- Glencore International AG
- Alrosa OJSC
- ArcelorMittal
- ThyssenKrupp AG
- OAO Magnitogorsk Metallurgical Kombinat
- Arcelor S.A.
- Anglo American PLC
- Eco-Bat Technologies Ltd.

Note: Product cover images may vary from those shown

RELATED PRODUCTS