In November of this year, producer prices of industrial products in Azerbaijan decreased by an average of 4.1%. Except for a few industries, which recorded higher prices, while not always justified.
According to the committee, in November, finished products of iron or steel factories went up by 8.4%. According to the economist, industrialist Nazim Mamedov, this is clear manifestation of the monopolization of the steel industry in the hands of one company. "Today," Baku Steel Company "not only controls the production, but also is the only manufacturer of metal in the local market, has the import and export of ferrous metals and ferroalloys. Without the knowledge of the company is not possible to supply equipment for metal smelting and refining," he stressed.
According to Mammadov, Georgia black metal is 40% cheaper than in Azerbaijan. This directly affects both the economic activity and the level of consumption.
Recall that in August this year in Baku suspended the operations of over 20 small business entities engaged in the production of finished steel products. - 08B-
Economics
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