Azerbaijani steel producer to examine regional competitors
Baku, Azerbaijan, Jan. 6
By Maksim Tsurkov - Trend:
The steel producer in Azerbaijan - LLC "Baku Steel Company" plans to thoroughly analyze the activity of large companies competing in the region, the article of the deputy head of the company Ramin Karimov says.
Russia, Turkey and Iran are major regional producers in the field of metallurgy, the article says.
"On average, Russia produces 70 million metric tons of steel, Turkey - 34 million metric tons and Iran - 15 million metric tons per year," he said. "Iran intends to bring the production to 50 million metric tons of steel a year soon. Iran has rich deposits of iron ore (iron oxide share in the primary ore is 50-55 percent). Iran began to build seven large metallurgical companies last year. In this regard, before launching the construction of new plants, we must explore the local market, analyze the activity of metallurgical companies-competitors in the region and the types of steel products which we will produce."
The author said that Iran has iron ore reserves in the volume of seven billion metric tons, but Russia vastly exceeds this amount with 206.1 billion metric tons.
Azerbaijan has total reserves of iron ore at the level of 246 million metric tons. Its proven reserves amount to 233 million metric tons (at an average grade of iron oxide - 43 percent).
According to the State Statistics Committee of Azerbaijan, the iron ore production volume in the country amounted to 89,600 metric tons in January-November 2014.
LLC "Baku Steel Company" began the production process in June 2001. As a major supplier of fittings on the country's domestic market, LLC "Baku Steel Company" also produces goods for export to Russia, Georgia, Turkmenistan and Iran.
The company produces various grades of steel in the form of square section billets of 120, 140 and 150 mm and a length of 12,000 mm, as well as fittings with a diameter of 10-32 millimeters and a length of 6,000-12,000 mm. The company's new metallurgical enterprise will produce iron sheets and other products.
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Edited by CN