Thursday, January 14 2021 16:18
Alina Hovhannisyan

Metallurgical industry of Armenia significantly slowed down the  growth of production

Metallurgical industry of Armenia significantly slowed down the  growth of production

ArmInfo.The metallurgical industry of Armenia for 11 months of 2020 increased production volumes by 1.7% per annum, against 21.4% growth for the same period  of 2019. This is evidenced by the data of the RA Statistical  Committee.

Ferromolybdenum production in January-November 2020 compared to the  same period in 2019 decreased by 14.5%, amounting to 6080.8 tons. In  November alone, 605 tons of ferromolybdenum were produced, which is  2.2-fold more than in October.

Copper concentrate production in January-November decreased by 4.3%  per annum - to 346.1 thousand tons, and in November alone, the volume  decreased by 10.9% - to 28.5 thousand tons.

Molybdenum concentrate production in January-November 2020 increased  1.7-fold over the year, amounting to 22,715 tons, and in November  alone, an increase was recorded by 20% - up to 2,302 tons.

Production of zinc concentrate in January-November increased by 19.9%  per annum - up to 12,062 tons, of which 956 tons fell in November  with a monthly decline of 4.3%.

The production of aluminum foil in January-November amounted to  32,608 tons with a y-o-y growth of 14.3%, and in November alone the  volume increased by 1.6% - up to 3,104 tons.

The production of steel pipes in January-November increased 1.6-fold  per year - up to 17,011 tons, and in November alone it decreased by  11.4% to 1,576 tons.

Alloy (carbon) steel castings were produced in January-November in  the amount of 13,917.8 tons, with a y- o-y growth of 13.1%. At the  same time, production volumes decreased significantly over the month  - by 40.8%, amounting to 643 tons.

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


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