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Output volume of metallurgical industry increases in Azerbaijan

Business Materials 18 April 2017 20:07 (UTC +04:00)

Baku, Azerbaijan, Apr. 18

By Huseyn Valiyev – Trend:

Azerbaijan’s metallurgical industry and enterprises on production of finished goods from metal produced goods worth 127 million manats in January-March 2017, according to a report of the country’s State Statistics Committee.

The report says that the output volume of metallurgical industry increased by 3.8 percent and the production of finished goods decreased by 21 percent in January-March 2017 compared to the same period of 2016.

Azerbaijan produced 47,500 tons of fittings in January-March 2017 that is by 21.1 percent more than in the same period of 2016. Steel pipe production stood at 19,300 tons in January-March 2017 that is by 52.1 percent more than in the same period of 2016.

The volume of steel casting stood at 54,200 tons in the country in January-March 2017 that is by 39.1 percent less than in the same period of 2016.

Azerbaijan exported 7,666.3 tons of ferrous metal worth $5,662.8 million in January-March 2017 that is by 15.3 percent (in monetary terms 14.1 percent) less than in January-March 2016.

(1.7026 AZN = 1 USD on Apr. 18)

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