July 21, Russian President Vladimir Putin signed the Federal Act on the approval of Russia's accession to the WTO agreement, which means that the related proceedings in Russia to complete WTO accession will be in August formally become a WTO member.
 
According to Russian news network reported, the Russian steel industry and a positive attitude before the accession to the WTO, is worried about the prospects for iron and steel industry after WTO entry. Russia's largest non-profit steel industrial organizations "Russian steel" the report pointed out that the 2012-2013 Russian steel industry is facing fierce competition, anti-dumping investigations and reduced exports. Since 2007, the Russian steel industry average profit margin dropped from 29% to 12%. Costs compared to 2001 increased by 5.6 times, while steel prices increased by only 3.9 times. Russian domestic gas, electricity and rail transport taxes, profit margins of steel companies in Russia in the next few years will be lower than the competitors, profit margins.
 



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