The Globex Bank, a part of VEB, has opened a credit line to the Belarus Iron and Steel Works in the amount of $40 million for 12 months. The bank and the works have signed three corresponding agreements. The parties have been cooperating for over 5 years. “We highly value our cooperation with one of…
The Belarus Iron and Steel Works section-rolling shop No. 2 has produced 1 million tons of metal since the start of its operations. The event took place on July 16, the Day of the Metallurgists. In H1 2017 the shop sold 256.3 thousand tons of metal valued at $112.4 million, exporting 215.2 thousand tons (84%)…
The Belarus Iron and Steel Works exported goods worth more than $465.3 million in H1 2017, up by 37.2% YoY, BMZ Deputy Director General Andrei Kulakovsky declared. Russia and European countries account for the lion’s share of exports (75.7%). The top importers are Germany, Netherlands, Israel, and Lithuania. Andrei Kulakovsky noted that the company had…
The Belarus Iron and Steel Works has rerouted its export after the European Commission introduced a five-year antidumping duty on steel rebars, BMZ Deputy Director General Andrei Kulakovsky declared. Reinforcing bars accounted for an average of 12.3% of BMZ’s total export in 2012-2013. The introduction of the antidumping duty was no shock. During the investigation…
The European Commission has imposed final antidumping duties on the Belarus Iron and Steel Works rebars. The size of the duty is 10.6%. That’s below the December 2016 preliminary level of 12.5%. The investigation on the Belarusian rebars started in March 2016 on request from Eurofer. According to the company, in 2015 imports of Belarusian…
The Belarus Iron and Steel Works will redistribute shipments due to the European Union introducing customs duties on Belarusian reinforcement bars, BMZ Director General Anatoly Savenok declared. He noted: “A strategy has been developed to redistribute our shipments to other target markets. Russia is one of them since the eastern neighbor is gradually recovering.” Polish…
In May Belarus Iron and Steel Works received $109 million, stocks at the warehoused totaled 10251 tons (6.3% of the total volume) and exports reached 188.6 thousand tons valued at $92.4 million. The company shipped to 46 countries, and has resumed operation in Africa and Neat East. In May Belmet (Austria) started operating in Serbia,…
In January-April the Belarus Iron and Steel Works exported 578,900 tons of metal products worth $283.4 million. In monetary terms the export growth rate totaled 142.7% YoY, the company’s Press Secretary Alexander Olesik declared. The company reported the largest increase in the export of seamless hot-rolled pipes (190.8%) and fasteners (140.2%). Thanks to the active…