ArmInfo.By November 2021, the metallurgical industry of Armenia accelerated its y-o-y growth rate from 3.7% to 16.4%. According to the data of the Statistical Committee of the Republic of Armenia, such dynamics was provoked by a surge in the production of castings from unalloyed (carbon) steel, as well as the continued growth in the production of ferromolybdenum and copper concentrate.
So, in January-October 2021, the production of castings from unalloyed (carbon) steel increased 7.2-fold on a y-o-y terms, amounting to 84.306 thousand tons. At the same time, over the month, production volumes decreased slightly - by 0.7% to 9.071 thousand tons.
An upward trend was also recorded in the production of ferromolybdenum, the volume of which increased by 10% on a y-o-y terms, amounting to 6.024 thousand tons. In October alone, 701.4 tons of ferromolybdenum were produced, which is 31% more than in September.
Copper concentrate production in January-October amounted to 319.2 thousand tons, with an insignificant 0.5% increase over the previous year. And in October alone, the volume of production increased by 24.1% - up to 32.3 thousand tons.
For other types of metallurgical products, a decline was recorded. In particular, in January-October of this year, production of molybdenum concentrate decreased by 7.7% - to 18.840 thousand tons, and in October alone there was a decline of 10.4% - to 1.595 thousand tons.
Zinc concentrate production decreased over 10 months by 20.7% per annum - to 8.803 thousand tons, of which 718 tons fell in October with a monthly decline of 14.6%.
The production of aluminum foil in the period under review decreased by 5% per annum - to 28.016 thousand tons, and in October alone the volume of production decreased by 8.3% - to 2.596 thousand tons.
13,580 tons of steel pipes were produced in January-October, with a y-o-y decline of 12%. In October, the production of steel pipes increased by 26.3% to 1,917 thousand tons.
All metals produced in Armenia are exported, mainly to Europe and the USA.
