Russian Finance Ministry not discussing change of cutoff price for steel

Russian Finance Ministry not discussing change of cutoff price for steel The Finance Ministry does not support any adjustments of the steel excise and the budget was approved for three years, Deputy Minister Alexey Sazanov said earlierMOSCOW, June 24. /TASS/. The Russian Finance Ministry is not holding discussions on revising the cutoff price used to calculate the steel excise, Deputy Minister Alexey Sazanov told reporters. "There is no discussion at present as regards the change of the cutoff price there. Our position is that the cutoff price does not need changes," he said. The Finance Ministry does not support any adjustments of the steel excise and the budget was approved for three years, Sazanov said this spring. 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