NOSTROY President Glushkov: metal prices in Russia increased by 105 percent over the year 
twice. This was announced by the President of the National Association of Builders (NOSTROY), head of the commission on pricing in the construction of the Public Council under the Ministry of Construction of Russia Anton Glushkov. His words are quoted by TASS.
He clarified that the most running fittings have risen in price by 105 percent since November 2020. Glushkov pointed out that the increase in the price of metal directly affects the growth of the cost of housing construction. In general, according to him, the change in the cost of construction over the past year amounted to 20 to 25 percent, depending on the region.
The sharp rise in metal prices in Russia began at the end of 2020. At the end of May, First Deputy Prime Minister Andrei Belousov accused metallurgical companies of “pressing up” the state by 100 billion rubles due to a jump in prices on the domestic market. The government introduced export duties on the export of raw materials from August 1 to December 31, 2021 to compensate for budget losses.
In September, it became known that metallurgical companies had decided to tax them. According to the bill, an excise tax will be imposed on steel in the amount of three percent of the export price of slabs (steel billets) in Russian ports if it is more than $ 300 per ton. Pipe manufacturers may be subject to the new tax. The document also provides for an increase in the mineral extraction tax (MET) and income tax.