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Steel production in Azerbaijan's foundries pushes up

Economy Materials 14 August 2024 14:12 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 14. The output of foundry steel in Azerbaijan from January through July 2024 increased by 31.4 percent (up to 223,800 tons) compared to the same period last year, Trend reports.

The manufacturing value of metallurgical industry products and ready metal products in the country grew by 28.68 percent to 771.8 million manat ($454 million) in the same period last year.

A summary chart of production in Azerbaijan's metallurgical industry, as determined by data from the State Statistics Committee of the country:

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)

223,800

31.4

22,200

Fittings (tons)

227,900

31

12,200

Steel pipes (tons)

60,400

- 65.1

1,300

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

15,300

- 26.4

5,200

Aluminum products (tons)

35,563

56.8

2,349

Metal structures (tons)

11,881

- 12.1

11,970

Metal products (tons)

14,400

9.6

61,7

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

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