Business news
Belarusian steel mill BMZ’s output 1.4 times up in H1 2021
An archive photo
MINSK, 13 July (BelTA) – The Belarusian steel mill BMZ has increased output by 1.4 times in H1 2021 to $847 million, BelTA learned from Anatoly Volkov, First Deputy Director General of OAO BMZ, the management company of the holding company Belarusian Metallurgical Company (BMC), at a press conference held on 13 July to discuss scientific achievements, development of the Belarusian metallurgical industry, and the industry’s future.
The executive said: “As for earnings, we sold $847 million worth of merchandise in the first half of the year. It is 1.4 times more than we did last year. We exported $676 million worth of merchandise. The export growth rate totaled 141%.”
The export geography is traditionally vast. It included 48 countries in H1 2021. More than half was sold in Europe. Russia accounted for 25%. African countries and Middle East countries accounted for 8.5% each.
In January-June 2021 BMZ made 1.27 million tonnes of steel, 23,000 tonnes or nearly 2% more than it did last year. Anatoly Volkov also pointed out a considerable increase in the output of deep conversion products. Those are primarily pipes (35% up) and hardware items (27% up).
On the whole, BMZ did well in H1 2021. The recovery of the metallurgical sector and the industries that consume its products helped BMZ. “We managed to increase the output in physical terms. Earnings and export rose considerably. The company’s financial and economic situation was stabilized. I should also mention the support we received in late 2020 – early 2021. These factors had a rather positive effect on the company’s performance,” the executive stressed.
Speaking about the effect of economic sanctions on BMZ’s cooperation with foreign companies, Anatoly Volkov noted: “We export more than half to the European Union. This year’s dynamics has been positive despite existing external threats. Cooperation continues and grows. In H1 2021 BMZ welcomed 12 external audits, which confirmed the compliance of the company’s manufacturing standards by companies and countries. Clients are interested in our products and work bearing future in mind. They work to continue cooperation with the company.”
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 process flow. The divisions focus on steel smelting, mill products, pipe products, hardware items.
print version
make home page
add to bookmarks
