Russian steel barons wept in the waistcoat of the state

The largest Russian metallurgical cartel, "Russian Steel", estimated losses of metallurgists in the coming years because of infrastructure restrictions of 500 billion rubles. Such a figure should save them from extortion in favor of the Kremlin, they hope.
24.09.2018
RBC
Origin source
In the next five years, the total losses of companies operating in the field of ferrous metallurgy, from the preservation of existing infrastructure constraints and the adoption of new encumbrances, may amount to about 500 billion rubles. This is cautioned by the association "Russian Steel", which unites the largest metallurgical companies in Russia - Severstal, NLMK, MMK, EvrazHolding, etc.

The Association reports that the amount of possible losses is two-thirds of all investments of the Russian ferrous metallurgy over the past five years.

"These funds metallurgists could invest in new capacities, the best available technologies, including environmental, innovation and infrastructure projects that the country needs and create new jobs," Russian Steel said in a statement.

The association was reminded that its companies provide about 4% of Russia's GDP and a significant part of foreign exchange earnings, and create millions of jobs.

"But today, the growth and development of the entire sector, which is forced to export half of the output due to lack of demand inside the country, is slowing down (constrained) by man-made factors - ill-considered initiatives that undermine industry - the backbone of the economy," the document says.

On September 19, Deputy Prime Minister Dmitry Kozak held a meeting on the development of ferrous metallurgy, attended by the president of Russian Steel and the main owner of the largest metallurgical company in Russia - the Novolipetsk Metallurgical Combine - Vladimir Lisin, the main OMK owner Anatoly Sedykh, the main owner of MMK Viktor Rashnikov , the main owner of TMK Dmitry Pumpyansky, as well as representatives of Severstal, Metalloinvest, Mechel, ChTPZ and PMH.

In the course of the meeting, metallurgists, in particular, proposed to finalize the program for the modernization of thermal generation, since they believe that in the current version it implies the introduction of a non-market payment in addition to the existing encumbrances for metallurgists to subsidize renewable energy, financing waste recycling, subsidizing energy tariffs for some regions of the country.

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