The government exempted six machine-building companies from the excise tax on liquid steel

The government exempted six machine-building companies from the excise tax on liquid steel
Photo by alevision.co / Unsplash

The Ministry of Finance is not yet ready to cancel the excise tax for the entire industry, despite the drop in steel output amid sanctions and a stronger ruble.

However, experts believe that the profitability of steel companies remains relatively high even in the current environment.