Growth in Azerbaijan's metallurgical sector in the first five months

In January-May 2024, the volume of production in the metallurgical industry of Azerbaijan increased by 36,5%, while the production of finished metal products grew by 10.2%. Rebar production increased by 36,2% to 165,500 tonnes. Steel casting increased by 33,9% year-on-year to 150,4 thousand tonnes. Steel pipe production decreased by 58,4% to 48,4 thousand tonnes.

Azerbaijan imported 434,884.02 tonnes of ferrous steel products in January-May 2024, up 26,8% compared to the same period last year. In terms of value, the volume of imports increased by 23,9% to 490 million 390,29 thousand US dollars.

Exports of ferrous steel products decreased by 25,5% in the first five months of 2024 compared to the same period of the previous year and amounted to 34,978.87 tonnes. Export value decreased by 26,7 % yoy to 33,471 million US dollars.