Business news

BMZ exports up 23% in January-April 2021

GOMEL, 20 May (BelTA) – The Belarusian steel mill BMZ exported more than $430 million worth of products in January-April 2021, up 23% from the same period in 2020, BMZ spokesman Aleksandr Olesik told BelTA.

The products were shipped to 44 countries. In January-April the growth of 20% and higher was registered in the exports of rebar, constructional rolled products with diameter of 20-80mm, seamless pipes, bronze wire, and steel cord. Steel wire is the leader in supplies. Revenue from its sales increased by almost 70% compared with the same stretch a year ago.

“If we talk in terms of export regions, the growth of BMZ sales both in volume and monetary terms for January-April was observed in the EU, Middle East and American markets. The list of top five importers of BMZ products has not changed this year. There was only a redistribution of their positions. Russia is still in the lead, followed by Lithuania, Israel, Germany and Poland,” the spokesman said.

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.

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