Tag Archives: MTL
Keep your eye on the metallurgical coal market
Always remember that when people talk about coal, they really mean one of two very different commodities. There’s thermal coal, which is still in retreat as Australian mines recover from last year’s floods. And then there’s coal used in steel.
Has Russian coal & steel company Mechel reached a bottom?
Mechel OAO (MTL, quote) announced it has reached an agreement with lenders to renegotiate debt covenants as the company failed to meet debt-to-EBITDA ratios for the second time in two years.
Emerging Money Heat Map: 10:00 a.m. Monday, April 23
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting completely in the red on the first day of the last full week in April. Leading the slide in the Emerging Stock index are YNDX -5.55%, INFY -3.71% and IBN -3.12%. Global markets are sliding on fears of global slowdown in the euro zone and in China both regions PMI numbers are suggesting growth is contracting.
Emerging Money Heat Map: 10:00 a.m. Friday, April 20
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting off strong going into the weekend. Leading the Emerging Stock index are ABV 1.78%, HXM 1.57%, BBD 1.54%, FXM 1.54% with ERJ -2.52% taking hit on a downgrade from Goldman (GS) taking the stock down to a neutral from a buy along with some negative headlines.
