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Output volume of Azerbaijan’s metallurgical industry down

Business Materials 19 June 2017 19:37 (UTC +04:00)

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)

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