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In January-March, steel consumption in the Czech Republic decreased by 130 thousand tons YoY, to 1.37 million tons, due to low demand, because of high energy-carriers prices, high inflation and uncertain geopolitical situation caused by the Russian invasion of Ukraine. At the same time, steel consumption grew from the historical low of 1.23 million tons…
DetailsAccording to the Minister of Industry and Construction of the Republic of Kazakhstan, Kanat Sharlapaev, the East Kazakhstan region is likely to become a hub for lithium production. Earlier President Kassym-Jomart Tokayev of Kazakhstan hosted his South Korean counterpart Yoon Suk Yeol in the Akorda presidential residence. During the meeting in Akorda, Minister Sharlapaev highlighted…
DetailsDue to the necessity to import 80% of electricity, the prime cost of Centravis products will grow and the company will find it difficult to compete with others. The technical development director of the company Olexander Gripas said that in summer the share of imported electricity could amount to 40% and in winter to 50%.…
DetailsThe Committee on Fuel and Energy Complex, Subsoil Use and Industrial Policy of the Parliament of Kyrgyzstan in the second and third readings adopted a bill on lifting the ban on uranium and thorium mining in the republic. The document was approved by four members – Azizbek Tursunbaev, Marat Murataliev, Alisher Kozuev and Zamirbek Mamasadykov.…
DetailsThe Ukrainian pipe industry is categorically against making enterprises import 80% of their electricity consumption. The Ukrtruboprom CEO Georgiy Polskiy says the electricity import capacities in Ukraine are limited – they total just 1.7 GW, while only the mining and metal complex needs more. Thus, according to him, electricity imports will not cover the needs…
DetailsAlmalyk Mining and Processing Works is efficiently implementing a localization program. In January-May, 251 projects made products worth 704.9 billion soums, up by 3.5% from the target. Compared with last year, output grew 4-fold, and import-replacement efficiency reached $56.1 million. New projects yielded localized products valued at 570.5 billion soums. In particular, central repair and…
DetailsIn May, Ukraine increased rolled metal manufacture by 1.8% MoM, to 594.9 thousand tons. Steel output grew by 3.2%, to 737.6 thousand tons, and pig iron – by 9.4%, to 653.1 thousand tons. Compared with May 2023, rolled metal manufacture grew by 26.5%, steel by 26.5% and pig iron by 8.2%. In January-May, Ukraine produced…
DetailsIn 2023, Ukraine increased apparent steel consumption by 55% YoY, to 3.4 million tons. According to Worldsteel, there were no Ukrainian companies among the top 50 in 2022-2023, although Metinvest was on the list in 2014-2021. Last year, Ukraine produced 6.2 million tons of steel and occupied the 24th place among global steel producers (in…
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