Monday, June 6 2022 21:50
Alina Hovhannisyan

Metallurgical industry of Armenia began to increase production  volumes more slowly

Metallurgical industry of Armenia began to increase production  volumes more slowly

ArmInfo. Metallurgical industry of Armenia in January-April 2022 slowed down the y-o-y growth rate to 7% from 26.9% in the same period of 2021. This is evidenced by the  data of the RA Statistical Committee.

In particular, the production of ferromolybdenum in Armenia decreased  during the reporting period by 17.4% per annum - up to 2.761.1  thousand tons. In April alone, 662.1 tons of ferromolybdenum were  produced (there is no dynamics for the month, since no data on  ferromolybdenum were presented in the statistical report for March).

The production of copper concentrate decreased by 17% - to 106.5  thousand tons. On a monthly terms (for April), the volume of copper  concentrate production increased by 36% - up to 30.4 thousand tons.   The production of zinc concentrate decreased over the reporting  period by 6.3% per annum - up to 3.508 thousand tons. In April, the  production of zinc concentrate decreased by 2% - to 822 tons.  In  January-April, the production of molybdenum concentrate decreased by  5.3% per annum - to 6.924 thousand. At the same time, in April alone,  the production of molybdenum concentrate increased by 48% - to  2.060.8 thousand tons.  The production of aluminum foil for the  reporting period decreased by 2.1% per annum, amounting to 11.017  thousand tons. At the same time, in April the production of aluminum  foil decreased by 7% - to 2.718 thousand tons.

The production of steel pipes in January-April decreased by 27.3% per  annum - to 3.530 thousand tons, and in April alone a decline of 92%  -to 829 tons was recorded.

Castings from unalloyed (carbon) steel were produced during the  reporting period in the amount of 38,128.8 tons, which is several  times higher than the figure for a year ago. In April alone,  production volumes also increased significantly, amounting to  11,157.7 tons.

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