Tuesday, February 28 2017 20:28
Alina Hovhannisyan

The metallurgical industry of Armenia reduced the amount of 2.7% per annum in January 2017

The metallurgical industry of Armenia reduced the amount of 2.7% per  annum in January 2017

ArmInfo. The metallurgical  industry of Armenia in January 2017 compared to January 2016 has  reduced the volume of production by 2.7%, compared to 3% growth a  year ago. According to the Armenian National Statistical Service, in  January 2017 the production of ferromolybdenum in Armenia compared to  the same period of last year increased by 23.7%, amounting to 589  tones, against a decline of 14.2% a year earlier.

During the reporting period, the production of molybdenum concentrate  increased by 4.9% up to 948 tones, against a decline by 7.8% a year  earlier. Production of converter (roughing) of copper on the  contrary, decreased by 5.4% up to 1088 tones, against the growth by  32.9% a year earlier. Production of copper concentrate decreased by  2.6% to 31.7 thousand tons, versus the growth by 84.9% a year  earlier.  Production of zinc concentrate decreased by 57.1% in  January 2017 per annum, up to 361 tones, instead of 11% strength  decline a year earlier.

Production of aluminum foil in January 2017 increased by 14,3%  compared to the same period last year amounting up to 2652 tones,  against 10.8% decline a year earlier.

All metals produced in Armenia are exported, mainly to Europe and the  United States.

To note, in the January statistics, there is no data for the  production of rolled aluminum, molybdenum briquettes and steel pipes.

To recall, in 2016, the Armenian metallurgical industry reduced its  production by 11.1% per year, against the 0.5% decline in 2015. In  particular, the production of molybdenum pellets decreased by 50.9%,  aluminum rolled products by 47.7%, the steel pipes by 22.6%, zinc  concentrate by 30.3%, and aluminum foil by 2.1%, while growth in 2016  was registered for the production of ferromolybdenum by 16.9%, the  converting (roughing), copper by 11.4%, copper concentrate by 23.1%,  and molybdenum concentrate by 2.1%.


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