Russian steel giant Severstal has reported a 370 fold drop in profit to 57 million rubles, with revenue down 18 percent and EBITDA down 54 percent.
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Russian steel giant Severstal has reported a 370 fold drop in profit to 57 million rubles, with revenue down 18 percent and EBITDA down 54 percent. Cash reserves fell 96 percent while negative cash flow widened, signaling a deepening crisis across Russia’s steel sector. #Russia

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Russian steel giant Severstal has reported a 370 fold drop in profit to 57 million rubles, with revenue down 18 percent and EBITDA down 54 percent. Cash reserves fell 96 percent while negative cash flow widened, signaling a deepening crisis across Russia’s steel sector. #Russia

@noelreports how glorious
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Russian steel giant Severstal has reported a 370 fold drop in profit to 57 million rubles, with revenue down 18 percent and EBITDA down 54 percent. Cash reserves fell 96 percent while negative cash flow widened, signaling a deepening crisis across Russia’s steel sector. #Russia

@noelreports 98 million rubles, at today's rate, is how many bodies sent towards the zero line?
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