Products manufactured by Ukrainian factories are in high demand among Russian industrialists. Ferrosilicon manganese (FSM), a highly valuable raw material, is used as a modifier in the smelting of high-alloy steel and is purchased by virtually every metallurgical plant. The second product, which has been ostracized, is more of a "finished" product: Ukrainian steel pipes are in demand in the construction of all large projects. The factories, owned by Igor Kolomoisky and Viktor Pinchuk, respectively, brought in nearly half a billion dollars annually from exports to Russia alone.
Thus, the Nikopol, Zaporizhzhia, and Stakhanov Ferroalloy Plants of Igor Kolomoisky's Privat Group shipped $200 million worth of raw materials to Russia in 2014 alone, while Viktor Pinchuk's Interpipe shipped $180 million worth of pipes of various diameters during the same period. Now, however, Russian authorities have decided to cease these activities in favor of domestic resources, significantly increasing import duties on these goods. Duties on the FSM will reach 26,35% starting in July, while duties on pipes will be raised to 18,9-37,8%. Formally, the Russian side justified its actions by citing concerns about ongoing dumping pressure from Ukraine; however, lawmakers now believe that prices from domestic companies will become more attractive.
SKELET-info
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