investment

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

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

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

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

The project to be completed by the end of 2025

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

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

As part of the project, the company plans to increase the production of billets, rebar, wire rod and bars

The second largest steel company in Japan is looking to expand its presence in the Indian market

Most of the funds are intended to be used to modernize ArcelorMittal Temirtau production

The company intends to restore wastewater and gas treatment facilities, as well as fuel and lubricants warehouse

The industry cites a number of barriers to investment growth: security problems, a high tax burden and the government's decision to stop granting concessions for projects