In 2015, Azerbaijan spent 1 billion 586.8 million on the purchase of foreign products from ferrous metals. This is more than five times the volume of local production.
According to the State Customs Committee, in just nine months in 2015 over 960 thousand tons of ferrous metal was imported, which is 1.8 times more than in the first 9 months of 2014. While last year's melting steel in Azerbaijan amounted to only 302.2 thousand tons.
According to the State Statistics Committee, in 2015 the production of rebar totaled 223.2 thousand tons, 11.3% less than in 2014. Decreased (-16.8%), production of steel pipes. During the year 29.8 thousand tons of steel pipes were produced. ----08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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