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Azerbaijan boosts foundry steel production

Economy Materials 14 June 2024 20:10 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 14. The production of foundry steel from January through May 2024 increased by 33.9 percent (up to 150,400 tons) compared to the same period last year, Trend reports.

Meanwhile, the production of metallurgical industry products and finished metal products in the country increased in value terms by 24.04 percent to 528.3 million manat ($310.6 million) (102.4 million manat ($60.2 million) in the same period last year).

The summary table of production of the metallurgical industry of Azerbaijan based on the data of the State Statistics Committee:

Types of products

Produced from January through May 2024

Difference compared from January through May 2023 (percent)

Quantity of finished products in warehouses as of 01.06.2024

Foundry steel (tons)

150 400

33,9

14 200

Fittings (tons)

165 500

36,2

9 900

Steel pipes (tons)

48 400

- 58,4

2 100

Unprocessed lead, aluminum, zinc, nickel, etc. (tons)

11 000

- 33,3

4 200

Aluminum products (tons)

25 038,7

82,1

2 827,5

Metal structures (tons)

8 552,8

- 8,9

11 778,7

Items of metal (tons)

11 467,6

6

60,7

To note, the production of products of the metallurgical industry and finished metal products in Azerbaijan in 2023 compared to 2022 decreased in value terms by 12.57 percent to 1.1 billion manat ($646,000).

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