Tuesday, March 9 2021 19:55
Alina Hovhannisyan

The volume of the metallurgical industry in Armenia in January 2021  dropped by 6.9%

The volume of the metallurgical industry in Armenia in January 2021  dropped by 6.9%

ArmInfo. The metallurgical industry of Armenia in January 2021 against January 2020 reduced production by 6.9%, against 49.3% growth a year earlier. This is  evidenced by the data of the RA Statistical Committee.

In particular, the production of ferromolybdenum in January 2021  compared to the same period in 2020 decreased by 10.9%, amounting to  500.8 tons, against an increase of 15.6% a year earlier.

At the same time, during the reporting period, the production of  molybdenum concentrate increased by 5.5% - up to 1,629 tons, against  an increase of 1.9-fold a year earlier.

Copper concentrate production decreased by 9.1% to 32.3 thousand  tons, against an increase of 48.1% a year earlier.

Zinc concentrate production decreased by 15.5% - to 883 tons, against  an increase of 43.3% a year earlier.  Aluminum foil production in  January 2021 compared to the same period in 2020 increased by 6.9% -  up to 3,101 tons, against 37.2% growth a year earlier.

The production of steel pipes, hollow sections and fittings increased  in January 2021 by 1.9 times per year (against a decline of 9.3% a  year earlier), amounting to 1,181 tons.

Alloy (carbon) steel castings were produced in January 2021 in the  amount of 1,371 tons, with a decline of 22.6% over the year, against  a 2.8-fold increase a year earlier.

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

To recall, the metallurgical industry in Armenia in 2020 slowed down  the decline in production to 0.4% from 4.7% in 2019. In particular,  according to statistics, in January-December 2020 production of  copper concentrate decreased by 6.1%, production of zinc concentrate  increased by 15.1%, molybdenum concentrate - 1.7-fold,  ferromolybdenum, on the contrary, decreased by 12.9%, aluminum foil  in 2020 increased by 16.2%, production of steel pipes, hollow  sections and fittings - 1.6-fold. The production of alloyed (carbon)  castings decreased by 7.3%.