On July 28, Deputy Minister of Investments, Industry and Trade of Uzbekistan Ilzat Kasimov held talks with Song Lipin, General Director of the Chinese company Limaomaoli Metal Company. The discussions focused on the current status of the joint iron ore mining project and the prospects for expanding investment cooperation. The Chinese side expressed interest in…
Vice Prime Minister – Minister of National Economy Serik Zhumangarin has chaired a meeting of the operational headquarters on ensuring the country’s economic growth. Metallurgy remains the main driver of Kazakhstan’s processing industry, accounting for 40.1%. To keep high paces of growth in metallurgy is an uneasy task. In 2024, the sector demonstrated an unprecedented…
On June 26, the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan hosted a roundtable chaired by Minister Laziz Kudratov, dedicated to the establishment of the “Uzbekistan Metallurgy Association”. The event brought together representatives from around twenty leading metallurgical enterprises across the country, as well as officials from relevant ministries and government…
The EU Council has extended the preferential trade regime for Ukraine’s iron and steel products beyond June 6. This decision aims to support the Ukrainian economy, which has suffered significant losses due to the armed aggression of the russian federation. “The extension of the preferential regime for Ukrainian steel and iron by the EU is…
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…
Companies operating in Armenia will receive preferential conditions for producing metal items from local raw materials, including molds and semi-finished products. According to a decision adopted at a government session, enterprises engaged in such production will be eligible for a 10% subsidy on industrial loans. In recent years, the country’s metallurgical sector has developed based…
The output of Uzbekistan’s metallurgical industry totaled 14.1 trillion sums ($1.09 billion) in January. The data from the Statistics Agency showed that this sum rose by 35.5% YoY. The proportion of the metallurgical sector within the manufacturing landscape constituted 32%. At the same time, the volume of other non-metallic products reached 1.8 trillion sums ($139.6…
Prime Minister Olzhas Bektenov has met with Chairman of the Board of one of China’s leading metallurgical companies, Fujian Hengwang Investment Co., Ltd., Zeng Zhaoqiang. During the meeting, the realization of the agreements reached during the Kazakhstan-China investment roundtable following the Kazakh Prime Minister’s working visit to China in November 2024 was discussed. “The meeting’s…