A moratorium may be imposed on the bankruptcy of metallurgical companies
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As Kommersant has learned, the discussed list of measures to support metallurgists includes a moratorium on bankruptcy of industry enterprises. The initiative may be focused primarily on Mechel (MOEX: MTLR), which has a debt exceeding 250 billion rubles. Protection from creditors is necessary for backbone companies, but such tools can distort market mechanisms, analysts warn.
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The Ministry of Economy and the Ministry of Industry and Trade have until October 28 to work out the feasibility of introducing a moratorium on the bankruptcy of metallurgical industry enterprises. This is stated in the minutes (available to Kommersant) of the meeting of the subcommittee on improving the sustainability of the financial sector and individual sectors of the economy, held on August 29. The contents of the document were confirmed to Kommersant by three large metallurgical companies.
In addition, issues of increasing the export duty rate on ferrous scrap in the amount of 5%, but not less than 25 per ton, the abolition of excise duty on liquid steel for electrometallurgical production in 2026 and exemption from excise duty for new facilities with investments of 50 billion rubles for the period of the active investment phase and the next three years will be worked out The Ministry of Industry and Trade has been instructed to submit proposals for adjusting the formula for calculating the excise tax rate, taking into account, among other things, inflation, taking into account the prevention of significant shortfalls in budget revenues.
Currently, the excise tax rate on liquid steel is 2.7% of the monthly average export price for steel slabs based on FOB in Black Sea ports. But if the ruble price of a slab is below 30 thousand rubles per ton, the excise tax is not paid. Kommersant's interlocutors noted that the cut-off price of 30 thousand rubles is unreasonably low: with the cost of a slab at 32 thousand rubles, metallurgists record losses, while having to pay an excise tax on steel. The increase in export duties on scrap and the adjustment of excise duty were also included in the preliminary list of measures. href"https://yandex.ru/an/count/WhOejI_zOoVX2La00qKL0BDaZin3D3q1CmSFllXqYRXHG09LV09SRvY0tinpsg440My51FJb3i4uhIofA5O6R9Sx1EEy8hsoXmPeeS_dScVFzZjtlkjhv-jtlDvmXxk4D4AfY9g4P2KYCg8nmeOD6oEYKsaqwepUKQZpES8w90HaH3JYUM8Amea2n6r3eNdqAPKwywVpTafbM96iGFKDew8aQv0TC6Mp0HeBE9L0fLJ6OB00Iem767GSJJX9gy5X-42QpWuJLRIqjBIqjbh8mHMWRI57f01j2xct0hGjvDmAqBQG6rA0jeKSMm7Q2xem5Q2zmFob0Eq5I7eKeBq0YRO0BTBR8bkNG2uci0Ao5J1falCrSOL8a9MlBILoklGINPkLt_S5AcYSE574OrU0p-1WfL-xWWwOivCc6y0n6xv-0_SfH_vJ0piYY3WsvVIj4UVeDJg7j3EtQxZc24R3RT9ioGxeMX7QjnvaMYd4BWPjXVBRrtVkWjd23by6KwR0fIbicnQSpa5Yo4qT6wD7C042Mrpir0I1wM80H8Cy9e4NIcXqA7wn1cn_FqmNBXdyu0p8P_yx7GFvtkaOoEUc0BBZxtIKAUpN-iD7yS_wmqSnqwm3X5bcBhtDmJgx9xfHXWRZx9YietUS7PDrz1O3Eklh2DN0l7bPvijUxh0lovE_LzmLGJ_sUHwCmAGaaR7_njH5YUlpNgy3wiL5-Isjwqmwe5vSbDV-IQWjSei-wscgMELAfL8vemXJYUrrNSV0L2e_5RiGglWvy6G68lo8pe1_mR2rlFNgH5l4BMLZYWSiKcDXybJSEhf2-3YU1d-bTwnOrQzixjJXQ1DKQTH2_fUjqKYlDnXABH2q1k1vly3rskLbHVLhP02xaYh1qyrrEN8Tih_CQIiIN6AsOnhNcTT55JJ9qhS82" ; target"_blank"rel"noopener"
