Armed with weaker currencies, they join China in pushing out surplus output globally
Sat, Feb 28, 2015 - 5:50 AM
HARDCORE: China has an advantage over Russia in Asia given its proximity and a number of free trade deals that limit regional trade barriers.
STEELMAKERS from Asia to Europe are facing increasing pressure from a rise in cheap imports as Russia and Ukraine, armed with weaker currencies, join China in pushing surplus output on to world markets.
The flood of low-priced material and weak demand will keep a lid on...