For two months of this year, Azerbaijan produced 54 thousand tons of steel castings, which is 1.8% less than in the same period last year. The bulk of steel (84%) is used in the production of building fittings.
For 2 months, 45.3 thousand tons of reinforcement were produced, 71.7% more than last year. At the same time, as of March 1, about a third of the fittings (13.7 thousand tons) accumulated in warehouses, the State Statistics Committee reported.
The situation with exports of ferrous metals is also not better. According to the State Customs Committee, 14.3 thousand tons of ferrous metals and articles of ferrous metals, including steel pipes, were exported in two months, which is 68% less than last year. In value terms ($ 13.5 million a), exports decreased by 37.2%.
Since the beginning of the year, 102.2 thousand tons (-3.4%) of ferrous metal products were imported for a total of $ 101.6 million. ----08D
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review