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At the same time, the company’s net profit for the same period fell by 44% y/y

The country’s leading companies continue to expand their production capacity

Around 75% of all approved projects are in the eastern regions of the country

Shipbuilding is set to become a new area of activity for the conglomerate, which has an annual turnover of $180 billion

The relevant agreement came into force on 15 July

Over the same period, iron ore imports rose by 33%

At the same time, the British government has recently published a revised policy on the procurement of steel under government contracts

The decision was adopted following the second review of the duration of the anti-dumping measures

Of this amount, $4.2 billion will be channelled into the steel industry

The company’s Dutch branch produced 1.55 million tonnes of steel during the reporting period, whilst its UK branch produced 0.48 million tonnes

At the end of the period, the country retained its status as a net importer of rolled steel

Once the second phase has been completed, the plant will be able to produce up to 2 million tonnes of rolled steel per year