MMK DG Boris Dubrovsky proposes some initiatives at Economic Policy Council meeting

October 25, 2013. The Director-General of Magnitogorsk Iron & Steel Works (MMK) Boris Dubrovsky proposed a number of initiatives at the Economic Policy Council Meeting under the Plenipotentiary Representative of Russian Federation President in Ural Federal District.

Dubrovsky said the large-scale modernization of the Russian metallurgical enterprises' production facilities over the last decade has resulted in a resource base that the Russian machine-building needs to develop. Now conditions have to be provided by the state to upgrade technological equipment and therefore to increase the country's machine-building enterprises' competitiveness, which, it its turn, will create greater demand for metal goods.

MMK Director-General suggested applying to the federal authorities, asking them to include the customs value of rolled metal stock imported to the Russian Federation for making car parts into the formula used for calculating the cost of local car production. It was also suggested that the 2010-2011 program for recycling old cars (including light passenger vehicles and trucks) be renewed, and that a program be developed for recycling railway carriages: a ban on using worn-out carriages should be the key proviso here.

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