Output volume of Azerbaijan’s metallurgical industry down
Baku, Azerbaijan, June 19
By Huseyn Valiyev – Trend:
Products worth 208.5 million manats were produced by metallurgical enterprises in Azerbaijan in January-May 2017, according to a report of the State Statistics Committee for January-May.
The report says the volume of output of metallurgical industry decreased by 6.5 percent while the production of finished goods fell by 34.2 percent in January-May 2017 compared to the same period of 2016.
Azerbaijan produced 87,600 tons of fittings in January-May 2017, 2 percent more than in the same period of 2016.
In January-May 2017, 23,600 tons of steel pipes were produced (14.3 percent less than in the same period of 2016).
The volume of steel casting stood at 118,600 tons in January-May 2017, 15.7 percent less than in the same period of 2016.
Azerbaijan exported 15,542.2 tons of ferrous metals worth $11.089 million in January-May 2017, that is, 22.3 percent (23.5 percent in value terms) less than in January-May 2016.
(1.7023 AZN = 1 USD on June 19)