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Azerbaijan boosts metallurgical production in 2M2022

Economy Materials 22 March 2022 10:27 (UTC +04:00)
Azerbaijan boosts metallurgical production in 2M2022
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, March 22. The manufacturing value of metallurgical products in Azerbaijan increased from January through February 2022, Trend reports citing the State Statistics Committee.

According to the committee, this figure amounted to 261.7 million manat ($153.9 million), up by 142.5 million manat ($83.8 million), or 54.45 percent, on annual basis.

Products

Manufactured in 2M2022

Difference compared to 2M2021 (%)

Number of finished products in warehouses as of Mar. 1, 2022

Cast steel (tons)

62,700

191.2

3,400

Rebar (tons)

74,200

2.4 times

12,000

Steel pipes (tons)

13,600

2.6 times

300

Unwrought aluminum (tons)

2,800

93.3

6,100

Aluminum rods, shafts and profiles (tons)

388.3

161.1

98

Other ferrous structures (tons)

6,586.8

126.7

2,463.1

Copper stranded wires without electrical insulation, ropes and cables (tons)

806.9

133.4

-

Besides, according to the committee, the production of other structures from ferrous metals amounted to nearly 2.56 million manat or $1.51 million (a decrease of 32 percent over the year).

In 2021, the manufacturing value of metallurgical products in Azerbaijan grew by 442 million manat ($260.1 million), or 38.5 percent, compared to 2020, to over 1.14 billion manat ($670 million).

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