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BSC Interrupts Export

Business Materials 15 December 2006 18:49 (UTC +04:00)

Due to the high demand on the production in the domestic market, Baku Steel Company (BSC) has to interrupt the export of its production, a source in the Company told Trend. Presently, BSC covers 80% of the demand in the Azerbaijan market.

According to representative of the Company, presently Baku Steel Company produces 1,000 tons of production per day. That requires 1.3 thousand tons of raw materials.

Volumes of the raw materials we receive have recently decreased. If we previously received 1,2- 1,3 thousand tons of raw materials a day, now we are receiving 0,7-1 thousand tons per day, the source in the Company said.

The Company said that consultations concerning the lack of raw materials were held with the Government of the Country.

In 2005, the volume of BSC production reached 330 thousand tons.

Since the time when BSC launched its activity in Azerbaijan, the Company has invested over $75 mln. to the production.

The production capacity of BSC is 350.000 tons of production per year. The number of employees of the Company exceeds 2,000 people.

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