The Kharkiv machine-building works Svet Shakhtera will hold a remote shareholders meeting on April 25. The company intends not to distribute profit for 2024. The profit amounts to 489.27 million UAH, up 3-fold YoY. Undistributed profit as of the beginning of the year was 424 million UAH, up from an uncovered loss of 81 million…
Interdepartmental Commission on International Trade subordinated to the Ministry of Economy of Ukraine has launched three antidumping investigations concerning the evasion of paying antidumping duty when importing to Ukraine rolled carbon steel with coating, wire and steel fasteners made in China. The national manufacturers said in their claims that the effect of the antidumping duty…
In January-March, Ukraine procured 505.9 thousand tons of ferrous scrap, up by 18.5% YoY. According to UAVtormet, domestic market received 401 thousand tons of scrap, up by 16.4%. Stocks at metal plants as of April 1, amounted to 20-25 thousand tons. Exports grew by 32%, to 80.9 thousand tons. (Ukrainian metal)
Yevgeny Antonov, First Deputy General Director of Navoi Mining and Metallurgical Company (NGMK), commented on the potential initial public offering (IPO) of the company during a conference organized by Fitch Ratings. According to Antonov, the decision to conduct an IPO lies with the shareholder – the state – which currently owns 100% of the company.…
The state-owned company Kyrgyzaltyn has taken full control of the assets of the former Kara-Balta Mining Plant. The main decision was the acquisition of 100% of the share in Kara-Balta Mining Company LLC, created on the basis of the restructured assets of the Kara-Balta Mining Plant. The cost of the transaction was 322.9 million soms.…
Kazakhstan’s Industry and Construction Minister signed an order as of April 15, banning the export of ferrous and non-ferrous waste and scrap. A six-month ban, which is set to take effect starting from April 29, applies to waste and scarp from copper, aluminum, lead, lead and lead-acid batteries by all means of transportation. The ban…
In 2024, volumes of metal structures consumption increased by 15% YoY, to 91 thousand tons. Experts believe that this year the market can grow by 10-12%, to 102 thousand tons. “The metal structures market in Ukraine continues reviving after the crisis caused by the Russian invasion and economic challenges. The increase in metal structures consumption…
In line with the President’s directive to diversify economy and attract investments, Kazakhstan’s Zhambyl region is carrying out comprehensive work to support projects in the manufacturing sector. One such initiative is the construction of a metallurgical plant in the Jibek Joly special economic zone in the Shu district, with the Akim (governor) of Zhambyl region…