Business news

28 Jan 2021

Belarusian steel mill BMZ increases export to 13 European Union countries

GOMEL, 28 January (BelTA) – In 2020, Belarusian steel mill BMZ exported more than 925,000 tonnes of steel products to the European Union market increased shipments to 13 countries of the European Union as against 2019, BelTA learned from the BMZ press service.

Shipments to Spain, Slovenia and France doubled or more. Deliveries to Austria, Ireland, Romania, Poland and Finland went up by more than 30%.

“The EU accounted for 45% of BMZ exports in 2020. BMZ sold virtually the entire line of manufactured steel products in the EU. Wire rod, bronzed bead wire, steel wire and structural steel intended for the automotive industry were in the greatest demand. The shipments of the latter have increased significantly year-on-year. In 2020, the export of structural steel with a diameter of 20 to 80 mm to the EU ballooned by more than 150%. BMZ sold $34.5 million worth of this product in the EU,” the press service informed.

All in all, BMZ exported 2 million tonnes of steel products to 53 countries in 2020. More than 23% of them were innovative products. The company noted that in the spring, due to the coronavirus pandemic, the demand, primarily for the products of steel wire workshops, decreased. “However, since June, it began to recover and reached its usual level. Orders for seamless pipes and other types of steel products began to increase in the second half of the year. In general, as of 1 January 2021, the stocks of finished products at BMZ were equivalent to two days of production,” the press service noted.

The public joint-stock company (OAO) BMZ, the Management Company of the holding company Belarusian Metallurgical Company (BMC), is a high-tech Belarusian metallurgical enterprise. It comprises infrastructure shops and four manufacturing divisions connected by one technological chain. The divisions focus on steel smelting, mill products, pipe products, hardware items. BMZ exports more than 80% of its output every year.