Tashkent, Uzbekistan, March 29
By Demir Azizov- Trend:
The Cabinet of Ministers of Uzbekistan approved the volume of imports of scrap and ferrous metal waste in the amount of 280,000 metric tons for a full capacity of the Uzbek Metallurgical Plant (Uzmetkombinat, Bekabad city, Tashkent region) in accordance with its resolution in 2015.
The plant imported 280,000 metric tons of scrap and ferrous metal waste in 2014.
The plant is exempt from the customs duties on the volumes of scrap and ferrous metal waste in accordance with the resolution of the Cabinet of Ministers, posted in the electronic media in Uzbekistan.
Scrap and ferrous metal waste is used for the production of metal-roll, retained as the payment for the services of processing scrap and ferrous metal waste imported into the country.
The plant is also exempt from the mandatory sale of foreign currency revenue while making payments by using metal-roll for imports of scrap upon tolling conditions.
The Uzbek Metallurgical Plant is the only ferrous metal enterprise in Central Asia, working with scrap metal. The plant is the exclusive manufacturer of ferrous metals in the country.
The plant was commissioned in 1956. Previously, it was recycling scrap metal delivered from all Central Asian countries. Currently, the plant uses metal produced in the country, as well as the raw material purchased abroad under the terms of tolling.
The plant's capacity is designed to produce 790,000 metric tons of steel and 760,000 metric tons of varietal metal roll.
The plant increased steel production by 0.7 percent as of 2014, compared to 2013 and brought its volume to 751,400 metric tons, while the rolled ferrous metal production was increased by 1 percent and stood at 725,200 metric tons.
Currently, the plant is implementing the program for development and modernization of production till 2016. The cost of the project is $134.7 million. The modernization program is financed with the own funds of the enterprise.
It is expected that the implementation of the program will allow to increase the enterprise's design capacity for steel production by 13.3 percent and bring its volume to 850,000 metric tons by 2016, recycled scrap metal - almost 1.8 times (670,000 metric tons) and to reduce the plant's power inputs by 20 percent.
Edited by SI