Cost of Azerbaijan’s steel imports from Türkiye dropped 11% in 2024

Azerbaijan imported over $101.3 million worth of steel from Türkiye in 2024, representing an 11.2-percent decrease year-on-year, Report informs, citing the Turkish Exporters Assembly.

In December 2024 alone, Türkiye exported steel worth $9.6 million to Azerbaijan, which is 13.2% more compared to the corresponding period in 2023.

In 2024, the value of Türkiye's total steel exports grew by 8.7% year-on-year to almost $16.15 billion. Meanwhile, in December 2024, the country’s steel exports rose by 7.3% in value and reached $1.446 billion.