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investment - Latest news GMK Center

Photo – China may invest up to $2 billion in Philippines to revive steel industry
China may invest up to $2 billion in Philippines to revive steel industry

An agreement was signed between China's Baowu and SteelAsia in early January

Photo – The MENA region is a potential new hub for green steel
The MENA region is a potential new hub for green steel

Since mid-2020, hydrogen projects worth more than $70 billion have been announced in the region

Photo – Kyrgyzstan to develop its own iron ore and steel capacities
Kyrgyzstan to develop its own iron ore and steel capacities

In this way, the country plans to reduce its dependence on the import of raw materials

Photo – The situation at Acciaierie d’Italia requires government intervention
The situation at Acciaierie d’Italia requires government intervention

The workers are asking the government to inject funds into the company according to the initial commitments

Photo – The EBRD to invest more than €1.5 billion in Ukraine by the end of 2022
The EBRD to invest more than €1.5 billion in Ukraine by the end of 2022

It is predicted that the share of investment financing will increase next year

Photo – The Chinese owner of British Steel does not comply with investment obligations
The Chinese owner of British Steel does not comply with investment obligations

Jingye has only invested £156m of the promised £1.2bn into the business since March 2020

Photo – JSW Steel will reduce capital investments by a quarter in the FY2022/2023
JSW Steel will reduce capital investments by a quarter in the FY2022/2023

The decision is due to rising prices for raw materials and declining demand for steel in the EU and China

Photo – The Northern Mining completed the repair of the LURGI 552A roasting machine
The Northern Mining completed the repair of the LURGI 552A roasting machine

Metinvest allocated about UAH 20 million for the implementation of the planned works

Photo – Vale to build a pellet plant in Saudi Arabia
Vale to build a pellet plant in Saudi Arabia

The company signed a memorandum of understanding with the National Center for Industrial Development of Saudi Arabia

Photo – Essar Group invests $4 billion in a steel plant in Saudi Arabia
Essar Group invests $4 billion in a steel plant in Saudi Arabia

The project to be completed by the end of 2025

Photo – Fortescue to invest $6.2 billion in carbon-free iron ore mining
Fortescue to invest $6.2 billion in carbon-free iron ore mining

Full implementation of the company's strategy will make it possible to reduce greenhouse gas emissions by 3 million tons per year

Photo – JSW Steel invests $1.3 billion to reduce emissions at its plants in India
JSW Steel invests $1.3 billion to reduce emissions at its plants in India

The company plans to reduce greenhouse gas emissions by 42% by 2023

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