SteelMint

Tag: Russia Flat Steel Offers

  • Weak Rouble, a Boon to Russian Steel Exporters

    Weak Rouble, a Boon to Russian Steel Exporters

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    by

    Aditi Tiwari
    in

    Rouble depreciation may lead to cheaper flat steel export offers and greater export gains for Russia, giving tough fight to Chinese offers. The Russian Rouble fell to its weakest level against dollar at RUB 84.29/USD on 22 Jan’16 as crude oil prices continue to slide. The brent crude oil prices have plunged by about 36%…