Despite the fact that during its operation, the cost of the Big Five increased by an average of 30%.
This approach of regulators, coupled with emerging macroeconomic factors and strict monetary policy, in addition to the indicated quantitative losses, entails a qualitative degradation of domestic production in the long term.
According to a study by the Center for Economics and Mathematics of the Russian Academy of Sciences, in the current economic conditions, the profitability of assets along the entire chain of metallurgical production drops sharply as processing deepens: from 37–38% in ore mining to 1–3% in the production of machinery and finished metal products. This naturally leads to the concentration of capital in the raw materials sector and underfinancing of final cycle production.
