ArmInfo. Metallurgical industry of Armenia for 11 months of 2021 accelerated its y-o-y growth rate to 16.9% from 1.7% in the same period in 2020. According to the data of the Statistical Committee of the Republic of Armenia, the improvement in dynamics is associated with a sharp increase in the production of castings from unalloyed (carbon) steel, as well as the continuing upward trend in the production of ferromolybdenum.
In particular, castings from unalloyed (carbon) steel were produced in January-November in the amount of 95.967 thousand tons, with an acceleration of y-o-y growth to 7.8 times (from 13.1% a year earlier). At the same time, in November, production volumes increased by 28%, amounting to 11.609 thousand tons.
Ferromolybdenum production in January-November 2021 compared to the same period in 2020 increased by 10.1% (against a decline of 14.5% a year earlier), amounting to 6.692 thousand tons. In November alone, ferromolybdenum was produced 668.2 tons, which is 4.7% less than in October.
For other types of metallurgical products, a decline was recorded. In particular, the production of copper concentrate decreased in January-November by 0.2% per annum - to 345.3 thousand tons, and in November alone the volume decreased by 19.2% - to 26.1 thousand tons.
Molybdenum concentrate production in January-November 2021 decreased by 9.7% per annum, amounting to 20.521 thousand tons, while in November alone, an increase was recorded by 5.4% - to 1.681 thousand tons. Zinc concentrate production decreased in January-November by 19.7% per annum - to 9.690 thousand tons, of which 877 tons fell in November with a monthly growth of 22.1%.
The production of aluminum foil in January-November amounted to 30.818 thousand tons with a y-o-y decline of 5.5%, and in November alone the volume increased by 7.9% - to 2.802 thousand tons.
The production of steel pipes decreased in January-November by y-o-y 7.2% to 15.790 thousand tons, and in November alone increased by 15.2% to 2.210 thousand tons. All metals produced in Armenia are mainly exported to Europe and the USA.
