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Output volume of Azerbaijan’s metallurgical industry down

Business Materials 17 January 2018 17:41 (UTC +04:00)

Baku, Azerbaijan, Jan. 17

By Huseyn Valiyev – Trend:

Products worth 708.3 million manats were produced by metallurgical companies in Azerbaijan in 2017, said a report of the country’s State Statistics Committee.

The report says the volume of output of metallurgical industry decreased by 8.7 percent while the production of finished goods fell by 12 percent in 2017.

Azerbaijan produced 251,500 tons of fittings in 2017, which is 4.2 percent more than in 2016.

In 2017, 45,100 tons of steel pipes were produced in Azerbaijan, that is by 16.1 percent less than in 2016.

The volume of steel casting production stood at 387,300 tons in 2017, which is 4 percent more than in 2016.

Azerbaijan exported 50,458.4 tons of ferrous metal pipes worth $34.356 million in January-November 2017, which is by 3.6 percent (by 15.2 percent in money terms) less than in January-November 2016.

In January-November 2017, Azerbaijan exported 76,228.4 tons of ferrous semi-finished products worth $23.468 million, which is by 44 percent (by 22.1 percent in money terms) less than in January-November 2016.

(1.7001 manats = 1 USD on Jan. 17)

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