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Baku Steel Company has started the construction of a new steel plant in Baku
JSC Baku Steel Construction - the general contractor of the project for the construction of a metallurgical plant in Hovsan settlement of Baku city - announced on Monday in the media about the selection of a construction company. Thus, Ltd. Baku Steel Company gave the start of construction of a new steel plant, by which its capacity will be increased from 350 thousand to 750 thousand tons of steel per year.
In August this year between Baku Steel Company and the German company Siemens VAI an agreement worth 100 million euros was signed. The Germans will provide the enterprise with a machine continuous casting steel and other equipment. The enterprise will set up equipment for Sumgait Azerboru. As a raw material they will use scrap and DRI iron.
In BSC they argue that the plant built next to the fishing port Hovsan will employ more than 1,000 people.
LLC Baku Steel Company has been in effect since 2001. The Company now controls two plants for the production of rebar in the village Darnagul, a plant casting metal in Binagadi of Baku, OJSC Azerboru, Vtorchermet and Baku Oxygen Company. Nominally, the company is owned by Rasim Mammadov. -08D
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