Roman Abramovich's EVRAZ (EVR) was already struggling with faltering steel prices and constraints on free cash flow, and this year's political crisis in Ukraine would have done little for the steel maker's near-term prospects. In fact, at present, analysts at JPMorgan Cazenove expects a 24¢ loss per share for 2013 and the group is likely to remain cash-flow constrained for some while.
EVRAZ - which exports steel products from Ukraine into Russia - will release its full-year results on Wednesday and investors may well look for some progress on the group's debt overhang. But don't expect much elaboration on the impact that the political uncertainty in the region is having on performance - its first-quarter update, due out a week later, is more likely to offer guidance on that.
