Belarus: BMZ borrows from Russian bank

Belarus Iron and Steel Works has borrowed 5 million euro and $8 million from Novikombank, Russia.

The funds are provided to purchase raw materials among other things.

The parties have been cooperating since 2012. (Ukrainian metal)

Belarus: BMZ revenue up in 2018

In 2018, Belarus Iron and Steel Works received Br3 billion of net revenue, up by 32.7% YoY.

Sales profit grew by 77.4%, to Br247.3 million.

As a result net profit totaled Br300 thousand as opposed to a loss of Br3.2 million in 2017.

Debt increased by Br32.6 million to Br985.96 million. (Ukrainian metal)

Belarus: BMZ exports up in Q1 2019

In January-March Belarus Iron and Steel Works increased exports by 131% YoY, to 554 thousand tons, valued at $310 million, up by 112%.

Exports geography grew by 2 countries, to 50.

The share of the European countries, Near East and Africa increased, while that of US dropped. (Ukrainian metal)