The excise duty on imported steel has not yet been agreed upon.
The Ministry of Finance and the Ministry of Industry and Trade have not decided how to separate the supplies to the EAEU - they do not plan to tax them. The second reading of the amendments is November 19.
BKS view: neutral. The excise tax can raise domestic steel prices by no more than 2%, so there is no sharp negative in the delay. MMK - "buy", Saberstal and NLMK - "hold", Michal - "sell".