Azernews.Az

The Uzbek Metallurgical Plant (Uzmetkombinat) increased steel production by one percent up to 381,100 tons in January-June 2013 compared to the same period of 2012.

A source in the company told Trend news agency that the plant produced 366,800 tons of finished steel since early 2013 or 0.8 percent more compared to the same period of last year.

In 2012, the company's steel production increased by 0.4 percent - up to 736,300 tons, rolled products - by 0.1 percent to 710,500 tons, special iron rose by 0.2 percent - to 564,800 tons.

Uzmetcombinat is the only ferrous metallurgy company in Central Asia that works with scrap metal. The plant was commissioned in 1956. Previously, it recycled scrap metal coming from all republics of Central Asia. Currently the company is not working at full capacity due to reduced supplies of scrap.

The plant can produce 790,000 tons of steel and 760,000 tons of special iron.

At present, the company's authorized capital is around152.591 billion soums. Around 72.01 percent of the shares belong to the state, 6.3 percent - the labor collective, 5.01 percent - minority shareholders in the capital structure. A package worth 16.68 percent is wholly owned by the Uzbek National Bank of Foreign Economic Activity, Uzbek "Promavtoinvesttorg", Navoi and Almalyk mining and metallurgical plants.