Russian and the global steel markets – results of week (October 11-18, 2015)

"Russia is calling!" – a very respectable investment forum of VTB-Capital, held on October 13, was called so; it was attended by heads of some of the largest corporations of the country, the entire leadership of the economic block of the Government and even the President himself. Well, by results of this event it is really possible to draw conclusions about where is calling ... no, not by Russia, and Russia is called by its economic, corporate and financial management.

First of all, none of the figures, presented at the forum, wants or waits really serious changes, and none of them or is going to hold them. Any changes, perhaps even for the best, are possible only within the existing economic model in the country with the very independent (from the real economy) Central Bank, total freedom for currency speculation and export of capital, usury, by definition of head of UC Rusal Oleg Deripaska, financial system and the structure of export, mostly of raw materials, the cornerstone of which is the oil and gas industry. So it was, is and will be, and troubles in the form of falling world oil prices will be somehow survived.

And if the "anti-crisis", if it can be called so, policy of the Government, led by the Prime Minister, just aims to simply endure the unfavorable period and wait for a rise in the price of oil, in some measure it can be considered sufficiently effective. The economy either has already passed through the outermost point of the crisis, which in recent months, however, slowly crawled from the third quarter of this year in the fourth one, or is just passing it, and in 2016 it will be possible to rely on the resumption of the growth by as much as ... 0.7% according to the forecast of the Ministry of Economic Development, or by 1.2%, according to the Ministry of Finance.