The profit increased more than twofold from 2002, he said. But, "the growth of profit in the industry regrettably does not mean that the main problems facing metal manufacturing have been settled," Mr. Mitin said.
The main problems are the very high wear and tear of equipment, very high power intensity, as well as the permanent growth of tariffs of the natural monopolies. The problem of the slowing growth of investments in metal manufacturing remains, although it is typical of many sectors.
"The cabinet has taken steps to increase the attraction of metal manufacturing and I hope the new cabinet will continue such work," Mr. Mitin added.
He cited the development of the domestic market, higher competition, protection of Russian producers among the main goals.