MOSCOW - Russian steelmaker MMK reported its highest core earnings since 2009 on March 19, helped by a weaker rouble, which cut its costs in dollar-terms in 2014 and is expected to reduce them further in 2015.
Russia's War Against Ukraine
Reuters: Russian rouble slump pushes MMK’s core earnings to 5-year high
Russian Prime Minister Dmitry Medvedev (L) accompanied by Dmitry Pumpyansky, head of TMK, Russia's largest maker of steel pipes for the oil and gas industry, visits the Seversky Tube Works in the town of Polevskoy, outside Yekaterinburg, Urals, on Oct. 24.
