The Ministry of Construction said that the rise in prices for metal products in Russia has stopped

The Ministry of Construction of the Russian Federation has not recorded an increase in prices for metal products in the past two weeks, said the head of the ministry, Irek Fayzullin.

“We are working with the FAS. There has been no growth for the last two weeks, and there has been some decline,” Mr. Fayzullin told reporters (quoted from TASS).

On March 10, the department turned to the Federal Antimonopoly Service (FAS) in connection with the increase in prices for rebar in the last weeks of winter. The Ministry of Industry and Trade linked the rise in prices to the rise in prices for raw materials (scrap) and tariffs for transportation and electricity. The government, amid renewed complaints about rising prices for steel products, has decided not to resort to capping domestic steel prices or adjusting the profitability of steel companies for the time being.

Read more about this in the publication “Kommersant” “Authorities will follow steel prices.”

Grigory Leiba


Be the first to read breaking news on Today’s latest news, and live news updates, read the most reliable English news website

Leave a Reply