Russia 2025 budget revenues from steel excise tax to decrease by 7%

Source: Mysteel May 16, 2025 12:00

Draft amendments to Russia's federal budget for 2025 included a 5.1 billion rubles ($56.7 million) decrease in tax revenues from the domestic steel industry compared to initial expectations.

According to the revised estimates, state revenues from excise duties on steel will amount to 63.9 billion rubles next year. This is 7.4% less than previously forecast. In particular, excise duty on liquid steel, except for smelting in certain types of furnaces with a high content of scrap metal (at