Severstal leaves ArcelorMittal behind
Edited by Rhod Mackenzie / 2016-02-12 07:09:16
While steel companies all over the world suffer from record high increase of Chinese export of steel and slowdown in global economy, Russian companies succeed due to the devaluated rouble, Bloomberg writes.
“Russian companies pay salary and bear expenses in rouble, but receive dollars and Euros from an export of products,” the edition writes.
