Closure of Czech Steel Company. Russia Turned to be not Crisis-proof

Closure of Czech steel company. The second largest Russian steel plant Evraz stopped producing steel at its subsidiary enterprise Evraz Vitkovice Steel, as due to the crisis the demand for the company's production significantly decreased. The analysts warn that the Russian steel industry may suffer from recession soon. As Reuters informs, the work of Evraz Vitkovice Steel (the only steel sheets producer in Czech republic and the largest one in Europe) was frozen because of insufficient demand, with the purpose to cut the company's costs. Czech Evraz also specializes on producing rolled steel, which is widely used for constructing automobiles,…