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…
After a 2-year break, Ukrzaliznytsia intends to resume scrap auctions on May 15 by putting 70 thousand tons up for sale. On April 15, the company representatives held a meeting with business, in particular major scrap consumers – metal plants, scrap processors and procurers. They discussed resumption of scrap sales via Prozorro.Sales, volumes and terms.…
Kremenchuk Steel Works JSC has corrected its net profit figures for 2024 and 2023 and doesn’t plan to distribute it. According to the statement on the changes to the agenda of the shareholders meeting to be held remotely on April 30, in 2024 KSZ received a net profit of UAH 369 million. The shareholders will…
The real effect of the U. S. universal 10% duty can be estimated only with time, as the new trade conditions have just come into force and none knows how the market situation will evolve, ArcelorMittal Kryvyi Rih CEO Mauro Longobardo has said. At the same time, the company customers in the USA are trying…
The State Service of Subsoil Use has canceled the license of the Motronovsky Mining and Processing Works to extract titanium ores at the Malyshevskoye deposit in Dnipropetrovsk region. The company has to stop its operation within 10 days. The end beneficiary of the Motronovsky GOK is Dmitry Firtash. The cancellation of the license is connected…