Steel production continues recovering in Ukraine, but the pre-war level is unlikely to be reached in the foreseeable future. In March, steel output grew by 16% YoY and in Q1 – by 37%. Pig iron manufacture increased by 16% and by 32% respectively. Ukrainian steel plants work with decreased capacities ranging from 30% to 90%…
In January-March, Interpipe paid 1.186 billion UAH of taxes, up by 90% YoY. Payments to the state budget amounted to 916 million UAH (+126%) and to local budgets – 138 million UAH (+29%). The company also paid 132 million UAH (+21%) of single social tax. Last year, Interpipe paid 4.4 billion UAH of taxes. (Ukrainian…
A new copper cathode production plant will be built in Pavlodar region. Over 9.4 billion tenge in investments will be attracted. Fonet Er-Tai AK Mining LLP will develop a large investment project on the construction of the leaching plant for the production of high-quality export-oriented copper cathode. The processing plant of the copper cathode production…
The National Association of Mining Industry of Ukraine has called on the European Union to take active measures to stop importing Russian iron ore products and ferrous metals. In 2023, Russia sold EUR 3 billion worth of iron ore and ferrous metals. “We sent letters to the European Commission President, Minister of Foreign Affairs of…
Kazakhstan is set to increase investment in production of rare and rare-earth metals, Minister of Industry and Construction Kanat Sharlapaev has said at the governmental hour in the Majilis. According to him, the country’s comprehensive plan of rare and rare-earth metals industry development for 2024-2028 has already been approved. Under the plan, the volume of…
Kazakh Industry and Construction Minister Kanat Sharlapaev reported the metallurgical industry output growth in the first quarter of 2024. He said industrial output increased by 4.3% and was expected to rise further due to the expansion of production at steel manufacturers including Qarmet, Steel KSP, Shymkent Temir, Ferrum Vtor, Kazferrostal, Forever Flourishing (Middle Asia), Pty…
For 8 months, Ukrzaliznytsia and the government have been unable to decide on the scrap sales procedure. This affects both the operation of Ukrzaliznytsia and the country’s economy. “Amendments were made to an order of the Cabinet that regulated the process of Ukrzaliznytsia assets sales. And it became questionable who had to take decisions on…
The interdepartmental committee on international trade has decided to prolong antidumping duties of 15.21% for five more years. The decision was taken on April 12 and came into effect on April 17. The antidumping investigation against imports of rebars and rolled wire from Russia was launched on February 23, 2023 at the initiative of ArcelorMittal…