Russia's Ministry of Economic Development in its forecast of social and economic development in the Russian Federation for 2015 has predicted domestic steel companies' revenues in rubles may increase by 60.5 percent year on year at an annual average rate of one US dollar to RUB 61.5.
The Ministry of Economic Development suggests that the growth of rolled metal exports due to the devaluation of the ruble could reach 7-10 percent in 2015, with exports of steel pipes increasing by one third, as compared to 2014. The largest share of Russian steel products will be delivered to Asian markets.