RE: Just been reading15 Apr 2024 23:05
Is very hard to put a value on it.
I would be happy for it to return and not have to write off the investment, the rest is a bonus.
The price will vary depending on If we keep North America
The wars in Ukraine, Israel-Palestine/iran will all need steel en mass to rebuild.
the demand will probably push up the prices and see steel in a similar scenario of hiked returns just like the oil industry did not so long ago.
I’m only thinking out loud - The downside is by not paying off our debts/ bonds there will possibly be big financial penalties for defaulting.
Though on the companies website they do claim to have the capital to pay it.
I’ve seen various articles:
1) Russian Evraz Steel Box targets Uzbekistan for 2024 construction market expansion
2) various railway line projects been flouted