Business news

GOMEL, 12 November (BelTA) – In January-October 2018 the Belarusian steel mill BMZ exported 1.66 million tonnes of metal products worth over $1 billion, the company’s Press Secretary Alexander Olesik told BelTA.

In physical terms the export growth rate totaled 107.6% as against January-October 2017. In monetary terms the figure was 131.5%, with the sales profitability at 9%.

In January-October 2018 BMZ made 2.02 million tonnes of steel (105.3% as against the same period of last year), 1.76 million tonnes of rolled products (99.1%), 125,000 tonnes of seamless pipes (110.5%), and 349,600 tonnes (101%) of products made by the wire manufacturing division – metal cord, bronzed bead wire, wire for high-pressure hoses, and other kinds of steel wire.

According to the source, this year’s top five importers of Belarusian steel are Russia, Germany, Ukraine, Israel, and Lithuania. BMZ shipped its products to a total of 62 countries in the period.

The public joint-stock company (OAO) BMZ – managing company of the holding company BMC is a high-tech Belarusian metallurgical company. BMZ has four enterprises united by the single process flow – a steel smelting division, a rolling division, a pipe division, and divisions making hardware items and suppling work tools and implements. BMZ exports over 80% of the output every year.