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Russia may face a shortage of metal products due to the restriction of its exports

Russia / Ferrous metallurgy

The regulation of the export of steel products can almost immediately lead to the formation of a deficit in the domestic market due to the refusal of manufacturers to produce a particular range of rolled steel.

Russia may face a shortage of metal products due to the restriction of its exports

The introduction of damper duties on the export of metal products to curb price increases is not only impractical, but also practically impossible due to work in an open market, in addition, the damper could lead to a shortage of some types of metal products.

“In the same metal, despite serious pressure from the line ministries, we consider the introduction of some kind of dampers not only unreasonable, but by and large also impossible. Let us not forget with you that we are working in conditions of open borders, "said the head of the RF Ministry of Economic Development Maxim Reshetnikov in his speech at the Exchange Forum.

Reshetnikov also noted that the regulation of the export of metal products can almost immediately lead to the formation of a deficit in the domestic market. “We can seriously disrupt manufacturers' incentives to produce a particular type of product. We will simply run into deficits very quickly, right at the second step, ”the minister said.

According to the head of the Ministry of Economic Development, it is more expedient not to limit the export of metal products, but to support its consumers.

“This must be approached very carefully and all these surges must be dampened by compensating for the increased costs of consumers. In this case, these are, first of all, budget construction projects - respectively, through an increase in budget expenditures. And where these are the same car manufacturers, respectively, through some mechanisms: we also have a waste collection, we also have a program of preferential car loans, "Reshetnikov noted.

Earlier today it became known about the idea of ​​the Ministry of Industry and Trade to withdraw to the state budget the super profits received by metallurgical companies from the sale of metal. This decision, as conceived by officials, is necessary to stabilize prices for metal products. As an alternative, it is also proposed to direct super-profits to the construction of state-owned facilities.

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