A memorandum on building a metallurgical factory in the city was signed by Liu Yunmin, Chairman of the Board of Fujian Hengwang Investment, and akim of Shymkent Gabit Syzdykbekov. The memorandum was finalized within the parameters of the agreements determined after the prior meeting. The Temir industrial zone, where the facility was intended to be…
Poland is successfully initiating new sanctions against Russia, despite the additional financial pressure on local manufacturers, while some other countries bargain for exclusions for them, the director of the Global Politics Institute Yevhen Magda has said. “The permanent representative of Poland in the EU must be more exacting and categorical, especially as to the desires…
Uzbekistan plans to implement promising projects worth $500 million on rare earth metals with the participation of foreign experts and investors. This issue was reviewed at a meeting held by the President of Uzbekistan, Shavkat Mirziyoyev, to discuss tasks in the spheres of geology and metallurgical industry. During the meeting, the president noted that the…
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 2023, Ukraine increased metal consumption by 20% YoY. The growth was mostly due to the activation of state projects – restoration of infrastructure, bridges and viaducts, construction of energy shelters. There are also such projects, as, for example, an underground school in Kharkiv. Imports also increased, especially sheets. In March-November 2023, prices for rolled…
In January-November, consumption of metal products (rolled metal and semi-finished products) increased by 101.2% YoY, to 3.26 million tons. Ukraine imported 989.9 thousand tons of metal products, up by 84.2% YoY. Imports amounted to 30.4% of the domestic consumption, down by 2.8% YoY. The share of flat rolled metal was 83.9% and bars – 16%,…
A court has satisfied a claim of the State Bureau of Investigations on the confiscation and transferring metal products valued at 3 million UAH produced by the Russian Cyberstal to the Asset Recovery and Management Agency (ARMA). The metal products were stored at the Ukrainian customs warehouses before the large-scale invasion. The customer was a…
For the first time since the launch of the Russian large-scale invasion, three ships with Ukrainian metal and mining products have broken the sea blockade. The Primus, Anna Tereza and Ocean Courtesy ships have left the ports of Odesa and Pivdenniy where they have been blocked since February 24, 2022. The ships carry products of…