TEL AVIV (MarketWatch) - ArcelorMittal, the world's No. 1 steelmaker, announced on Monday two deals, including one in Europe and at least its third in South America this month.
Firms see the Russian route as an alternative for shipping goods from Asia to Europe. Crisscrossing the vast terrain of Russia's heartland lies 5,600 miles of railway directly linking the booming Chinese market with producers and consumers in Europe eight to 10 time zones away.