In 2023, Uzbekistan Iron and Steel Works intends to hold its IPO at a foreign exchange. The corresponding roadmap was approved by the Ministry of Finances and the deputy Prime Minister Jamshid Kuchkarov. Uzmetkombinat has also started work on issuing eurobonds. The company is negotiating the issue with a number of investment banks. Prior to…
In January-March, Uzbekistan Iron and Steel Works produced 236.38 thousand tons of electric steel, up by 2.1% from the target. Rolled metal output totaled 249.4 thousand tons, including 43.9 thousand tons produced in the shop No. 1, of which 42.8 thousand tons were milling balls. The shop No. 2 produced 200.2 thousand tons of bars.…
Steel wire shop of Uzbekistan Iron and Steel Works successfully met all the manufacturing targets in February. The shop produces wire with the diameter of 1.8, 2, 2.8, 3, 4, 5, 6.3 and 8 mm, which is in high demand. In February wire rod manufacture totaled 849 tons. Metal wares and electrode sites of the…
This year Uzmetkombinat intends to increase exports to 350 thousand tons. The demand for the company products is growing. At MetalExpo Uzmetkombinat has held negotiations with the Russian Gallaktika and Metr companies, which have decided to buy Uzbek non-ferrous metals, while Ukrainian Sodruzhestvo showed interest in steel mill balls and rebars. Deliveries to the companies…
In January-August Uzbekistan Iron and Steel Works exported 275.6 thousand tons of metal products, up by 12.2% YoY. Ferrous metals accounted for the lion’s share of exports. Enamelware accounted for the rest. “At present the company exports to 8 countries. Afghanistan and Kazakhstan purchase rolled metal, Kyrgyzstan and Russia – copper and alloys products, Tajikistan…
Uzmetkombinat will spend 30% of its net profit (21.1 billion sums) for 2017, or 488 sums for one ordinary share and 30% for 2018 – 101.9 billion sums or 2353.8 sums per share. 65.2% of net profit for 2018, or 286.4 billion sums, will be spent on the development of the company. In 2018 Uzmetkombinat…
Danieli has received an order to supply machinery for the foundry-rolling complex at the Uzbekistan Iron and Steel Works in Bekabad, Tashkent region. The construction will commence in August. The project presupposes the construction of a 120-ton electric arc furnace, a ladle furnace and steel degassing unit. Slabs will be manufactured at the vertical continuous…
The Uzbekistan Iron and Steel Works (Uzmetkombinat) has launched the country’s first production of carbon steel wire (wire rod). The implementation of this project will make it possible to produce import-substituting products worth at least $43.7 million a year, and to increase the annual export potential of the plant by 30,000-50,000 tons of products with…
