"Baku Steel Company" (BSC) after taking under its control almost the whole rolled steel market in Azerbaijan, has expanded its expansionist policy abroad. On July 22 the management announced on the implementation of large-scale plans in the three countries. The company has completed construction and installation works at a metallurgical plant in Fujairah (UAE). Production capacity is 1 million tons per year. The Caspian Steel reconstructed a steel plant in Aktau (Kazakhstan.) The third project is the construction of a metallurgical complex in Iran. Negotiations with the government of that country for this project met the requirements of the company BSC. Metallurgical complex in Iran provides for the ore concentration.
Reconstruction of a steel plant BSC in Baku completed. In 2011-2014 for this purpose were invested about 200 million manat.
Since its commissioning in 2001 was produced 3.5 million tons of products, from which more than 1 million tons were exported.
The authorized capital of LLC "Baku Steel Company" was formed on the basis of equity in three companies in Baku. According to the International Register of legal entities, "Baku Steel Company ltd" is a legal entity of the Man Isle. It is unknown who controls this giant company, with annual capacity of 1 million tons of steel products.--08D—
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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