3 December 2021
Liquid steel is an alloy of iron with carbon, which is used as a raw
material for the production of metal products. It is produced both in
the traditional way in open-hearth furnaces and in electric furnaces (in
2020, 23 million tons of 72 million tons of steel). The second method
is much more expensive.
The law provides for the establishment of a standard for the transfer of
excise tax to the federal budget - 83% and to the budgets of the
regions - 17%. The purpose of the changes is to compensate for the
possible formation of falling incomes. The initiative to introduce
excise duty arose after a sharp rise in prices for metallurgy products
in 2021.
As explained to "RG" in the press service of the Ministry of Finance,
the excise tax rate on liquid steel smelted in steelmaking furnaces is
calculated taking into account world prices for final products. The
calculation of the excise tax rate on electric steel takes into account
the features associated with the market value of raw materials (steel
scrap), and additional costs associated with the properties of the steel
produced and its chemical composition. At the same time, the excise tax
rate on steel, smelted