Ukrainian steel industry emerges from recession
The Ukrainian steel industry has emerged from its recession period and entered its recovery phase, as confirmed by the rise in steel product output compared to the same period last year, Ukrainian economy minister Bohdan Danylyshyn has said.
Russian industrial production shrank the most since the economic collapse of 1998 in November as the global slowdown reduced demand for steel, pipes and fertilizers, pushing the nation to the brink of recession.