Steelmakers are paying off foreign debts.

Companies buy back their currency bonds.

Against the background of a sharp drop in the rouble "Severstal" followed by other steel companies offered investors an early redemption of the eurobonds for $ 600 million to reduce its dollar debt. Prior to this, programs or plans to reduce foreign currency borrowings were already announced by "Rusal", Evraz and MMC "Norilsk Nickel". Metallurgists have money: devaluation led to an increase in export earnings. But conservation of the currency debt is risky for "Severstal": after the sale of assets in the United States 65% of its revenues is denominated in roubles.