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Published: February 6th, 2015

MEF expert Eugeniy Korchevoy: "Export duty already limits appetite of products export. Plus, the more you export, the more you pay to the budget, the more, in fact, you pay your consumers".

Upon the statement of equipment manufacturers, introduction of export duty on steel will support the branch of industry owing to compensation for high steel prices in the domestic market. The Director of the Association "Rosagromash" Eugeniy Korchevoy told Southern Agricultural Agency about it.

Machine manufacturers have already addressed the authorities with a respective request. This initiative is related to the increase in prices for metal products. According to the head of "Rosagromash", in December 2014 the rates have increased 30-35% from December 2013, and in January and February the additional growth was 14% and 8% respectively. As Korchevoy noted, machine manufacturers want to achieve a double effect. "The export duty already limits appetite of products export. Plus, the more you export, the more you pay to the budget, the more, in fact, you pay your consumers ", - the expert explains.

In March and April, according to Koschevoy, it is planned to increase further to reach the export price. "<...> And, in addition, metallurgical companies say that it is so profitable for them to export, that they will start to quote the internal market, that it is not interesting for them even to get involved with small amounts ... for us it is a very serious disruption of production," – the head of "Rosagromash" adds.

Manufacturers of agricultural machinery are going to ask authorities for cancellation of VAT payment for export of scrap metal, cast iron and steel products as well, what, in their opinion, should provide a support for the domestic market.

Publication source: rostovprodukt

Source: rostovprodukt.ru