Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
The Russian HC220B Steel Association and the China Chamber of Commerce for Import and Export of Metals, Minerals, and Chemicals signed a memorandum of cooperation in the mining and metallurgical fields last week. Both parties agree to create a favorable HC220B Steel business environment for mining and metallurgical enterprises in both countries and provide all necessary assistance. According to the association, Russian steel manufacturers reduced their investment in 2023, breaking the trend of continuous investment growth since the beginning of the 21st century. The total investment is approximately 275 billion rubles (3.1 billion US dollars), a year-on-year decrease of 4%. In 2022, investment was 40% higher than the highest level before the 2008 crisis, reaching 286 billion rubles. The estimated total investment for the HC220B Steel development of this industry from 2001 to 2023 is approximately 3.8 trillion rubles.
