Production of Iron and Non-Alloy Steel in Ingot in Azerbaijan - 2022

Iron and Non-Alloy Steel in Ingot Production in Azerbaijan - 2022

In 2022, the amount of iron and non-alloy steel in ingots produced in Azerbaijan stood at 225K tons, with an increase of 12% against the previous year. Overall, production, however, continues to indicate a abrupt descent. Production of peaked at 249K tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, production of iron and non-alloy steel in ingots rose sharply to $155M in 2022 estimated in export price. In general, production, however, continues to indicate a mild decrease. Production of peaked at $161M in 2020; however, from 2021 to 2022, production failed to regain momentum.

Source: IndexBox Market Intelligence Platform

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