On October 13, 2016, President Ilham Aliyev attended the opening ceremony of Baku Steel Company's Oxygen Plant and launched the plant. Having familiarized with the enterprise, the President wished success to the collective.
In December 2016 an agreement was signed between Baku Steel Company LLC and Danieli, Italy for the construction of a Metallurgical Complex worth more than € 1m in Sumgayit, and more than half of the metalworkers in this complex are expected to be export-oriented. Products produced on the project will fully meet the demand in Azerbaijan
Baku Steel Company has launched two new modern plants on March 1, 2016; the Steel melting Plant, which is engaged in the production of billets, and the plant for the production of protective, pumping and general purpose tubes.

After general reconstruction, Baku Steel Company has put into operation new production facilities equipped with modern equipment. After rebuilding, production has grown fourfold


The International Award, Caspian Energy Award and Caspian Business Award are awarded to political leaders, government officials, diplomatic missions, public and private companies for their contribution to the country's economy, based on the results of online surveys conducted in 50 countries throughout the year in the Caspian-Black Sea and Baltic states. It is no coincidence that Baku Steel Company has always won such an international award in 2011, favoring its country's interests and contributing to the country's policy.