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Baku Steel Company announced its indicators for 2022

Baku Steel Company, the largest metallurgical company in the Caucasus region, announced its financial and performance indicators for 2022.

Baku Steel Company announced its indicators for 2022

The company's net profit for 2022, compared to 2021, increased by 7.5% and amounted to 71.6 million manats.

Both the production and sales figures of BSC have also registered an increase. Thus, sales for 2022 increased by 30.5% and reached 392.9 million manats (without VAT). Compared to the previous year, billet production increased by 26.5%, while rebar and wire rod production increased by 35.5%. The increase in pipe production was more – 36.8%. In 2022, the company produced 362,000 tons of billets, 314,000 tons of rebar and wire rods, and 26,000 tons of pipes.

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