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In January-May, trade turnover between Georgia and Turkiye, its main partner, amounted to $1.25 billion, including $1.09 billion worth of imports, up by 17.5% YoY, and $176.27 million of exports, up by 7.8%. According to the National Statistics Bureau of Georgia, imports of steel pipes from Turkiye reached 26.642 thousand tons, up by 86%. The…
DetailsKazakhmys Corporation chairman Nurakhmet Nuriyev presented a new factory in Zhambkl region to the head of state. The enterprise is situated in the Shatyrkul-Zhaisanskiy cluster. The official launch of the factory is scheduled for August and the design capacity will be reached in October. The factory will employ 340 people, mostly locals. (Ukrainian metal)
DetailsZaporozhye Ferro Alloys Plant resumed operation on May 1. The company has been idle since March 2023 due to high electricity prices and low ferroalloy prices on global markets. According to the company chairman Pavlo Kravchenko, at present electricity is still very expensive. “We have launched two furnaces, 7% of our capacities,” he said. The…
DetailsAccording to operational data, Kyrgyzstan in January-April exported 3,121.7 kilograms of gold for a total value of almost $212.2 million, according to the National Statistical Committee. Over the same period last year the country exported 1,411.2 kg of gold. Buying countries for the reporting period in 2024 were: – Hong Kong (special administrative region of…
DetailsFour Ukrainian UAVs have attacked the Novolipetsk Iron and Steel Works in Lipetsk region, Russia. According to the owners, the plant, that they claim makes only civil products, continues operating in normal mode. That was the fourth UAV attack on NLMK this year. In social networks locals reported several blasts, air defence operation and smoke…
DetailsThe Minister of Economy Gevorg Papoyan has noted that Armenia has successful metal enterprises and the goal of the country is to export finished ferrous metals products. Several dozen million dollars has been invested in the ferrous metallurgy so far. “But in the short-term investments will amount to $100 million. 550 to 750 jobs will…
DetailsIn January-May, Ukraine increased coke and semi-coke imports 3-fold YoY, to 212.768 thousand tons. According to the State Customs Service, coke imports grew 2.16-fold, to $77.2 million. The main supplier was Poland (87.71% in monetary terms), followed by China (4.72%) and Hungary (4.38%). Over 5 months, Ukraine exported 340 tons of coke for $81 thousand…
DetailsFerroalloy works continue losing the Ukrainian market due to downtime, sharp growth of imports and a drastic drop in exports. Thus, in January-May, ferroalloys exports fell 38.4-fold, to 6.67 thousand tons valued at $9.552 million, down 23.4-fold. The main export markets were Poland (43.22% in monetary terms), Romania (35.49%) and Moldova (5.32%). Over 5 months,…
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