A new electrometallurgical plant will be constructed in Mariupol over the next two years, providing jobs for over 2,000 people, according to the city’s mayor, Oleg Morgun. The plant, with an estimated investment of 30 billion rubles, was announced by Mr. Morgun on the sidelines of the Integration-2025 forum in Rostov-on-Don, as reported by TASS. "Behind the Ilyich Iron and Steel Works, construction of a new metallurgical plant is underway. It is progressing at such an accelerated pace that it ...

At the end of last week, a meeting with Deputy Prime Minister Alexander Novak took place at Business Russia, where prospects for the Russian economy were discussed, including investments, inflation, and business resilience. "I raised the issue of supporting electrometallurgy — one of the most environmentally friendly methods of steel production. Currently, these enterprises, unlike mining companies, do not receive natural resource royalties but pay an excise tax on liquid steel, even though ...