For the year, the price of metal in Russia has grown more than twice. This was announced by the President of the National Association of Builders (Nostroy), the head of the Pricing Commission in the construction of the Public Council in the Ministry of Economy of Russia Anton Glushkov. His words leads TASS.
he clarified that the most chassis reinforcement from November 2020 has risen in price by 105 percent. Glushkov indicated that the increase in the price of metal directly affects the increase in the cost of housing construction. In general, according to him, the change in the cost of construction over the past year was from 20 to 25 percent, depending on the region.
A sharp rise in metal prices in Russia began from the end of 2020. At the end of May, the first deputy prime minister Andrei Belousov accused the metallurgical companies in the “fattening” of the state for 100 billion rubles due to the jump in the domestic market prices. The government has introduced export duties on the export of raw materials from August 1 to December 31, 2021 to compensate for the loss of the budget.
In September, it became known that metallurgical companies decided to establish a tax. According to the bill, the steel will introduce excise in the amount of three percent of the export price of slabs (steel blanks) in Russian ports, if it is higher than 300 dollars per ton. Under the new tax there may be pipe manufacturers. Also, the document provides for an increase in mineral extraction tax (NPPI) and income tax.