Pakistan’s steel company Pak Steel is considering an investment project to produce rebar and other steel products in Uzbekistan. The prospects for the joint project were discussed by Uzbekistan’s Ambassador to Islamabad Alisher Tukhtaev and Pak Steel Director Hassan Farid. According to Hassan Farid, high electricity costs in Pakistan are negatively affecting production costs and…
Uzbekistan’s Agency for Industrial Cooperation and Public Procurement held an online meeting with entrepreneurs to discuss expanding industrial cooperation around major metallurgical enterprises and developing new localization projects. The meeting focused on cooperation projects worth a total of $100 million involving major metallurgical enterprises Aziya metall prof in Samarkand region, Sifatli sof po’lat in Jizzakh…
Iran is prepared to supply steel products and provide engineering services to Uzbekistan, the head of the Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) has stated during a meeting with the head of the Uzbekistan Metallurgy Association. Mohammad Aghajanlu, who also served as Iran’s Deputy Minister of Industry, highlighted Iran’s experience in…
The share of Chinese rolled metal on Ukrainian market continues growing. In January-June, imports increased by 69.7% YoY, to 86.91 thousand tons. The share of Chinese metal in overall imports increased from 9.3% in 2024 to 12.7%. Long rolled metal showed the biggest increase – by 307.5%, to 20.68 thousand tons. Its share grew from…
The Russian government has removed the iron and steel semi-finished products, manufactured in the Donetsk and Luhansk People’s Republics, terrorist organizations created and supported by Russia, from the export rate duties until the end of the year. In particular, the temporarily occupied territories can export 900 thousand tons of semi-finished steel products made of iron…
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…
In 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…
The United States has prolonged the temporary suspension of duties on Ukrainian steel for another year. In 2023, Ukrainian steel accounted for less than 1% of all US steel imports. Last year, imports decreased compared with 2022 and were below even than the average imports in 2021. According to the first vice prime minister, minister…