Marubeni Company will advise the creation of new steelmaking capacity in Azerbaijan

The Ministry of Economy and Industry (MEI) signed on April 22 in Baku agreement with Marubeni Corporation (Japan) for the provision of advice on the creation of new capacity from mining iron ore to steel production in Azerbaijan.

Today marks a year since the President of Azerbaijan signed a decree establishing the State JSC Azebaijan Polad Istehsali Kompleksi (« Azerbaijan steel production complex "). While in the state register of commercial legal entities are no data on its registration. Recently, the head of state appointed Chairman of the Board of the company.

According to the press service of the IEP, the Japanese company will primarily study the raw material base. Assimilated by iron ore deposits are located in the Dashkesen . According to the State Statistics Committee, Dashkesan Mining Plant (JSC Dashkesen Filizsaflashdirma) for 3 months this year were produced 39,300 tons of ore, which is 23.5 % less than in the comparable period of 2013.

Marubeni Corporation will prepare proposals for the application of modern technologies in ore mining and steel production, as well as the assortment of commodity nomenclature. It is planned to analyze the local and regional market.

The cost of the contract and the timing of its completion are not reported. - 08D-