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Mineral resources base of ferrous metallurgy today and the prospects for the development of the steel industry in Uzbekistan

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  • N. M. Yakubov

Abstract

Dynamics of production and consumption of steel demonstrate for the last decades the stable increase for the last decades. For further development of branch it is necessary to have the corresponding mineral resources. The main problem in this field presents the exhaustion of readily available reserves of rich iron ores and necessity to enrich the poor ones. In general, there exists in the world a considerable number of new projects of iron ore production which will allow not only to compensate the diminished resources with the high iron content , but also to provide the necessary growth of its production, envisaging the expected expansion of world steel production. On the example of development of metallurgical production of Russia and Uzbekistan it is shown that introduction of innovative projects of iron ore extraction will allow not only to compensate the diminishing resources with the high content of iron, but also to provide the necessary growth of its extraction. The article describes mineral resources of ferrous metallurgy of Uzbekistan, provides examples of metallurgical industry restructuring with a notable contribution to economy development.

Suggested Citation

  • N. M. Yakubov, 2015. "Mineral resources base of ferrous metallurgy today and the prospects for the development of the steel industry in Uzbekistan," Russian Journal of Industrial Economics, MISIS, issue 2.
  • Handle: RePEc:ach:journl:y:2015:id:472
    DOI: 10.17073/2072-1633-2015-2-119-123
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    Cited by:

    1. E. A. Pozdnyakova, 2018. "Estimation of economic efficiency of mineral resource base development projects using the real options method," Russian Journal of Industrial Economics, MISIS, vol. 11(3).

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