Baku Steel Company

What Baku Steel Company does

Baku Steel Company (BSC) is a vertically integrated steel producer headquartered in Baku, Azerbaijan, established on June 21, 2001 as the first modern steelmaking facility in the Caucasus region. The company operates an electric arc furnace (EAF) and continuous casting technology to produce approximately 800,000 tons annually across six core product lines: reinforcement bars and wire rod (with 400,000 tons of dedicated rebar capacity), seamless steel pipes (including high-pressure-resistant pipe for oil and gas), carbon and alloy steel billets, ferrosilicon (FeSi65%, FeSi70%, FeSi75%) at its Sumgait ferroalloys plant, rolled products (channels, angles, I-beams, square and round bars), and custom shaped castings. BSC holds API (American Petroleum Institute) certification for oil and gas applications and has deployed advanced steelmaking technologies from Primetals Technologies—Melt Expert, SlagMon, and gas-oxygen burners—along with a vacuum degassing unit for highest-grade steel and an SAP S/4HANA ERP system across finance, procurement, production, sales, logistics, and HR.

The company serves three primary customer segments—oil and gas (primary), construction, and industrial manufacturing—through dedicated corporate B2B sales, retail channels, and exports to more than 20 countries across Europe, Africa, America, and Asia. Its GTM motion combines enterprise field sales with active participation in major international exhibitions including Caspian Oil & Gas, Tube Germany, and the Tashkent International Investment Forum. Pricing is not publicly disclosed; corporate customers engage through direct sales contact. In 2022, revenue reached 392.9 million AZN (excluding VAT), up 30.5% YoY, with net profit of 71.6 million AZN. As of 2022, the company employed 1,902 people, total assets were 262.7 million AZN, and equity stood at 87.7 million AZN (+82.3% YoY). BSC has been recognized as one of Azerbaijan's top 50 largest taxpayers and received the Active Private Sector Exporter certificate from the State Tax Service.

Name

Baku Steel Company

Legal name

Baku Steel Company CJSC (QSC)

Website

https://bakusteel.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Baku Steel Company is Azerbaijan's largest vertically integrated steel producer, operating since 2001 with 800,000-ton annual capacity across rebar, pipe, billet, ferroalloy, and rolled products. It serves oil and gas, construction, and industrial manufacturing customers across 20+ countries via EAF-based steelmaking and API-certified export operations.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (33111), Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Steel Pipe & Tubes (3317)

akta.pro primary industry

Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms) (IMAKABAD)

akta.pro secondary industries

Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL), Steel Plate, Sections & Welded Assemblies (IMADACAD), Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

Keywords

• Steel manufacturing
• Rebar production
• Seamless steel pipes
• Ferroalloys production
• Rolled steel products

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Product Sales: Baku Steel Company generates revenue primarily through the manufacture and sale of steel products including rebars, wire rod (cathanka), square and round steel blooms, seamless pipes, channels, angles, I-beams, and square and round bars, as well as ferroalloys (FeSi). Products are sold domestically in Azerbaijan and exported to more than 20 countries. The company operates both corporate (B2B) and retail sales channels.
2. Ferroalloy Sales: The ferroalloys production division produces ferrosilicon (FeSi) in various compositions (FeSi65%, FeSi70%, FeSi75%) and fractions (10-50mm, 10-100mm, etc.) for industrial buyers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Baku Steel Company is a vertically integrated steel manufacturer operating the first modern steelmaking plant in the Caucasus region (established 2001), with an annual production capacity of 800,000 tons. The company produces reinforcement bars (rebar) and wire rod (400,000 ton capacity), seamless steel pipes, carbon and alloy steel billets/slabs, ferroalloys (ferrosilicon FeSi65%/70%/75%), various rolled products (channels, angles, I-beams), and custom-shaped castings for oil and gas, construction, and industrial manufacturing customers.

Product overview

Baku Steel Company CJSC (BSC) is Azerbaijan's largest metallurgical enterprise and the first modern steel plant established in the Caucasus region in 2001. The company operates as an integrated steel producer with an annual production capacity of 800,000 tons, featuring six core product lines: (1) Armatur və Katanka - reinforcement bars and wire rod (400K tons capacity), (2) Boru - seamless steel pipes for construction and oil/gas applications, (3) Pəstahlar - carbon and alloy steel billets and slabs, (4) Ferroərintilər - ferroalloys including ferrosilicon in various grades, (5) Çeşidli yayma - diverse rolled products including channels, angles, and I-beams, and (6) Fasonlu tökmələr - custom shaped castings. The company exports products to over 20 countries across Europe, Africa, America, and Asia.

Differentiator

Problem solved

Functional benefit

Products and services

• Armatur və Katanka (Reinforcement Bars and Wire Rod) High-quality reinforcement bars (rebar) and wire rod (steel wire) for construction applications. Annual production capacity of 400,000 tons.
• Boru (Steel Pipes) Seamless steel pipes produced using modern steelmaking and continuous casting technology, including products for the oil and gas sector with high resistance to deep pressure.
• Pəstahlar (Billets/Slabs) Carbon and alloy steel square and round billets/slabs produced using modern steelmaking and continuous casting technology conforming to standards.
• Ferroərintilər (Ferroalloys) Ferrosilicon (FeSi) produced in various grades (FeSi65%, FeSi70%, FeSi75%) and fractions (10-50mm, 10-100mm) for use in steelmaking and industrial applications.
• Çeşidli yayma (Various Rolled Products) Diverse range of rolled steel products including channels (şveller), angles (künclük), I-beams (ikitavr), square bars, and round bars.
• Fasonlu tökmələr (Shaped Castings) Custom-shaped steel castings and formed products for specialized industrial applications.

Quantifiable outcome

• Exports to US grew 180% from 5,000 to 14,000 tons in 2025
• +6 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Government of UzbekistancoreStrategic or Co-development Partner · 25 June 2026Baku Steel Company delegation led by General Director Kamal Ibrahimov attended the 5th Tashkent International Investment Forum (TIIF-2026) and held business meetings with Uzbek government officials and industrial companies. Discussions focused on metallurgical industry cooperation, increasing BSC product exports to Uzbekistan, integrating Uzbek companies into BSC's supply chain, and technology exchange, aiming to strengthen economic and industrial ties between Azerbaijan and Uzbekistan.
• UzbekneftegazcoreStrategic or Co-development Partner · 19 June 2026Abdugani Sanginov, Chairman of Uzbekneftegaz, met with Kamal Ibragimov, General Director of Baku Steel Company, at the Tashkent International Investment Forum to discuss direct deliveries of pipe products for Uzbekistan's oil and gas sector. The parties reviewed outcomes from previous negotiations in Baku and examined Baku Steel Company's commercial proposal for high-quality pipe supplies. New areas of mutually beneficial industrial cooperation were explored aimed at strengthening production ties between Azerbaijan and Uzbekistan.
• SAP SEcoreTechnology or Integration · 8 December 2024Baku Steel Company signed a Memorandum of Cooperation with SAP SE, a world leader in digitalization, to implement the SAP S/4HANA ERP system. The system covers all processes of finance, procurement, supply, production planning, sales, logistics, and human resource management. The system uses in-memory computing and supports AI and machine learning. SAP SE, founded in 1972 and headquartered in Waldorf, Germany, has over 105,000 employees in more than 157 countries. The implementation was successfully completed in early 2026.
• Clean Energy Jabrayil LLCminorStrategic or Co-development Partner · 18 November 2024Clean Energy Jabrayil LLC and Baku Steel Company signed a Memorandum of Cooperation for a solar energy project. This partnership supports BSC's sustainability goals and transition to renewable energy sources.
• Tajikistan Government InstitutionminorStrategic or Co-development Partner · 20 May 2024Baku Steel Company signed a Memorandum of Understanding and Cooperation with a Tajik government institution to establish bilateral industrial cooperation.
• Primetals TechnologiescoreTechnology or Integration · 8 December 2023Strategic collaboration with Primetals Technologies, one of the world's leading OEMs for the steel industry, established in 2015 as a joint venture between Siemens VAI Metals Technologies and Mitsubishi Heavy Industries. Through this partnership, BSC implemented three advanced technologies in the steelmaking shop: new gas-oxygen burners for the EAF, the Melt Expert smart system, and the SlagMon automated slag recognition system. These improvements directly contributed to reducing CO2 emissions per ton of steel produced.
• IT Academy (Ministry of Economy and Ministry of Science and Education of Azerbaijan)minorStrategic or Co-development Partner · 1 January 2023Baku Steel Company became an official partner of the IT Academy project, organized jointly by Azerbaijan's Ministry of Economy and Ministry of Science and Education, in partnership with the international programming school Algoritmika (present in 55 countries). The program trains students in web development, QA engineering, and system administration. BSC supports this initiative as part of its CSR and human capital development programs.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Azovstal: Azovstal is a Ukrainian integrated steel mill historically producing slabs, blooms, and rolled products. Comparable to BSC in integrated steelmaking scope and product mix, though its operations have been disrupted by the Russia-Ukraine war; pre-war it served similar export markets in the Mediterranean and Middle East.
• Kardemir (Karabük Demir Çelik): Kardemir is Turkey's state-affiliated integrated long products steelmaker producing rails, sections, and billets. It is comparable to BSC as a regional integrated competitor with similar EAF-based capacity serving construction and industrial markets across the broader Black Sea/Caspian geography.
• NLMK (Novolipetsk Steel): NLMK is one of Russia's largest EAF-based steel producers with a global export footprint. Comparable to BSC for EAF production technology, export-led business model, and presence in rebar/section/billet markets, though at substantially larger scale.
• Jindal Steel International: Jindal Steel International is the overseas acquisition arm of India's Jindal Steel & Power, an EAF and integrated steelmaker. It is directly comparable to BSC as a co-bidder for Acciaierie d'Italia, sharing similar product mix (long products, pipes, structurals) and a cross-border M&A growth strategy.

Broad incumbents

• Erdemir (Ereğli Demir ve Çelik): Erdemir is Turkey's largest integrated flat and long steel producer, a publicly listed Oyak Mining affiliate. It is comparable to BSC as a larger regional incumbent operating EAF and blast furnace routes, serving similar end markets (construction, automotive, O&G) but at significantly greater scale.
• ArcelorMittal: ArcelorMittal is the world's largest steelmaker with operations in 60+ countries. It is comparable to BSC as a global steel producer with overlapping end markets (construction, O&G, automotive) and as a potential counterparty in international pipe and billet supply contracts.
• Metinvest: Metinvest is a major Ukrainian vertically integrated steel and mining group (parent of Azovstal). It is comparable to BSC as a larger, integrated regional competitor with EAF and blast furnace assets, controlling raw material inputs and serving export markets across Europe, MENA, and Asia.
• Voestalpine: Voestalpine is an Austrian specialty steel producer with leading positions in tool steel, high-performance alloys, and railway systems. Comparable to BSC as a steel producer investing in advanced metallurgy, quality differentiation, and European export markets, though with a higher-grade specialty product focus.
• Severstal: Severstal is a Russian integrated steelmaker with EAF and blast furnace routes producing flat, long, and specialty steel. Comparable to BSC in product diversification across construction and industrial segments and export orientation, though at considerably larger scale.

Regional players

• EMSTEEL (Emirates Steel): EMSTEEL is the UAE's largest integrated steelmaker (formerly Emirates Steel), producing rebar, sections, and heavy sections. Comparable to BSC as a regional EAF-based long products producer serving Gulf construction markets and exporting globally, with similar technology partnerships and product portfolio focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/baku_steel
• Facebookfacebook.com/198303950188098

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Baku Steel Company