Tuesday, October 31 2017 19:07
Alina Hovhannisyan

The metallurgical industry of Armenia improved its annual dynamics by the fall of 2017 with a growth

ArmInfo. The metallurgical  industry of Armenia increased production by 8.4% per annum for 9  months of 2017, against the 5.8% decline for the same period in 2016.   According to the National Statistical Service of Armenia, production  of ferromolybdenum in Armenia in Jan-Sep 2017 increased by 8.5% to  5004 tons compared to the same period of the previous year. Only in  September ferro-molybdenum was produced 517 tons, which is 2.5% less  than the August volume.

September, growth was registered by 9.1% - up to 956 tons. The  production of converter (rough) copper declined by 4.5% in Jan-Sep -  to 8,697 tons. At the same time, in the monthly section, the  production of converter (rough) copper increased by 0.5% to 842 tons.  The production of copper concentrate increased by 17.5% in Jan-Sep to  316.4 thousand tons, and only in September the volume of production  amounted to 36.3 thousand tons, with a monthly decline of 1.9%.

The production of aluminum foil increased by 9.7% per annum in  January-September to 24289 tons, and only in September the output of  aluminum foil fell by 25.5% to 2458 tons. Production of aluminum  rolled products, significantly increasing in the annual cut, amounted  to 541 tons, of which 93 tons fell in September.

The production of steel pipes increased by 44.7% per annum to 7812.7  tons in Jan-Sep, but only in September - it increased by only 0.1% to  1085.7 tons. The production of zinc concentrate increased in  January-September by 17.5% per annum - up to 7,225 tons, of which  only in September, 884 tons with a decline of 0.3%.

Data on the production of molybdenum briquettes in the statistics of  the reporting period are absent, while a year earlier in the same  period the volume was 367 tons.

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

Recall that in 2016, the metallurgical industry of Armenia reduced  production by 11.1% per annum, against a 0.5% decline in 2015. In  particular, the production of molybdenum briquettes was reduced by  50.9%, aluminum rolled products by 47.7%, steel pipes by 22.6%, zinc  concentrate by 30.3% and aluminum foil by 2.1%, while in 2016, growth  was recorded for the production of ferromolybdenum - by 16.9%,  convertor (rough) copper - by 11.4%, copper concentrate - by 23.1%,  and molybdenum concentrate by 2.1%.

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