Import of Ferrous Metals Exceeds Their Production Fivefold
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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