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Azerbaijan ramps up foundry steel production in 1H2024

Economy Materials 15 July 2024 13:02 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 15. The production of foundry steel from January through June 2024 increased by 30.9 percent (up to 185,200 tons) compared to last year, Trend reports.

Meanwhile, the production of metallurgical industry products and ready metal products in the country increased in value terms by 26.17 percent to 656.7 million manat ($386.3 million) (521.5 million manat ($306.7 million) in the same period last year).

A summary chart of production in Azerbaijan's metallurgical industry based on data from the country's State Statistics Committee:

Types of products

Produced from January through June 2024

Difference compared from January through June 2023 (percent)

Quantity of finished products in warehouses as of July 1, 2024

Foundry steel (tons)

185,200

30,9

24,800

Fittings (tons)

195,000

31,9

13,200

Steel pipes (tons)

53,600

- 62,3

800

Unprocessed lead, aluminum, zinc, nickel, etc. (tons)

13,500

- 26,6

5,300

Aluminum products (tons)

29,992

64,9

2,668

Metal structures (tons)

10,193

- 12,1

11,981

Metal products (tons)

12,043

1,9

61,7

To note, the production of products of the metallurgical industry and finished metal products in Azerbaijan in 2023 compared to 2022 decreased in value terms by 12.57 percent to 1.1 billion manat ($647,000).

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