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Metallurgical industry production volume decreases in Azerbaijan

Business Materials 15 August 2014 17:32 (UTC +04:00)

Baku, Azerbaijan, Aug. 15

By Huseyn Valiyev - Trend:

The Azerbaijani metallurgy industry and the enterprises produced goods and rendered services in the amount of 230.8 million AZN in January-July 2014, the Azerbaijani State Statistics Committee said Aug. 15.

The production volume of the metallurgy industry decreased by 14.5 percent, while the production of finished products increased by 14.4 percent.

Cast-iron production in the country amounted to 580.5 tons in January-July, which is 51.8 percent less than in the same period of 2013. During the reported period, steel pipes were made in the amount of 18,800 tons, which is 59.4 percent less than in January-July 2013.

The reinforcement production volume amounted to 86,700 tons in the country during this period which is 60.1 percent less than in the same period of last year.

In January-July 2014, the volume of export of iron pipes made up 17119.6 tons (over $16.7 million) which is 50.8 percent less (in monetary terms - 49.9 percent less) compared to the same index of 2013.

The official exchange rate is 0.7842 AZN/USD on July 15.

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