The Ministry of Industry and Trade has prepared a draft resolution on adding to the list of technological equipment, the analogues of which are not manufactured in Russia and the import of which is not subject to value-added tax, the equipment of the press-rolling line for the production of rough railway wheels.
Cast blanks of circular cross section for railway wheels. Illustrative photo: "Ural steel".
In the explanatory note to the draft published on regulation.gov.ru the press-rolling line for the production of rough railway wheels is included in the list on the basis of an application from Ural Steel JSC.
"The exemption of imported technological equipment from the collection of value-added tax makes it possible to reduce the diversion of working capital from enterprises implementing investment projects aimed at creating new production facilities and investing in the Russian economy," the note says.At the beginning of 2024, Ural Steel announced a decision to build a wheel-rolling mill and to conclude contracts for the supply of technological equipment. At that time, investments in the project were estimated at 35 billion rubles.
Illustrative photo: "Ural steel".
According to the information posted on the company's website, the design production capacity for the production of solid-rolled railway wheels is 240 thousand units per year, with the possibility of increasing to 480 thousand units per year. At the end of 2024, the project was approved by Glavgosexpertiza, then the production capacity of 360 thousand wheels per year was announced.
The company could not immediately provide a comment. At the same time, a source in Ural Steel confirmed to Interfax that the project is being implemented as part of a five-year investment strategy until 2030.
Ural Steel (Novotroitsk, Orenburg region) is one of Russia's largest producers of commercial cast iron, bridge steel and steel for the production of large-diameter pipes. The company also produces blanks for the production of railway wheels and the manufacture of rails.
