Igor Shuvalov takes administrative barriers off metallurgists .
Edited by Rhod Mackenzie / 2015-03-04 06:16:23
Finance Metals and mining Russia Metalloinvest Evraz Magnitogorsk metallurgic plant MMK Mechel Severstal United Metallurgical Company (OMK) Russia Metals and Mining Iron ore Steel
In exchange for keeping low metal prices the government offered metallurgists administrative and financial support.
Yesterday at the anti-crisis meeting held by the First Deputy Prime Minister Igor Shuvalov it had been decided that the steelmakers would keep prices, and the state would support them for that, several people familiar with the outcome of the meeting told "the Vedomosti": for example, export duties will not applied to the metallurgists. Officials are ready to think about the interest rate subsidies for specific programs of import substitution, people close to the government state.