In 2017 Belarus Iron and Steel Works increased profit 5-fold, to $71 million. According to the company statement, sales revenue grew by 132%, to $1.166 billion. “Thanks to the stabilization of the situation on the raw materials market in September 2017, steel manufacture at BMZ reached 210 thousand tons per months. This provided for the…
In 2017 Belarus Iron and Steel Works produced 141.8 thousand tons of hot-rolled seamless pipes, up by 170% YoY. This is the maximum output in 10 years. Pipes were shipped to 126 customers in 19 countries. The major importers of Belarus pipes are Russia, USA, Italy, Germany and Poland. (Ukrainian metal)
In 2017 the pipe rolling division of the Belarus Iron and Steel Works increased its output by 70% in comparison with 2016, the company’s press service reported. In 2017 the BMZ pipe rolling division made 141,801 tons of hot-rolled seamless pipes setting a new record for the last ten years. In 2017 BMZ shipped the…
Belarus Iron and Steel Works (BMZ trademark) is among the first in the CIS to get an IATF 16949:2016 certificate, the BMZ press service reported. The certificate was issued by TUV Rheinland Group (Cologne, Germany), a leading provider of independent audit services, following an audit conducted at BMZ in December 2017. The document certifies the…
Belarus Iron and Steel Works is asking its lenders to postpone the payment of $70 million from this year to the next. “On the verge of 2015 and 2016, when we had a difficult period, we did take the state aid. Now we are paying back interest on those loans. In 2018 we have to…
In 2017 Belarus Iron and Steel Works increased revenue by 30% YoY despite new antidumping duties, imposed by some countries, to $1.2 billion. Exports account for 85% of the total sales. Russia consumes 22.9% of BMZ metal. Other major importers are Israel, USA, Ukraine and Egypt. In 2015 the company commissioned the bar and wire…
The government of Belarus is prepared to help Belarus Iron and Steel Works financially. According to the First Vice Prime Minister Vladimir Semashko, the authorities could restructure the company debts of some $70 million. “World prices for BMZ products have dropped 2-fold in 3 years, while they counted on the old prices in their business…
In January-October Belarus Iron and Steel Works increased hot-rolled seamless pipes output by 66% YoY, to 113 thousand tons. According to the company statement, in October pipe manufacture growth was 244.6% YoY. Steel smelting increased by 4.5%, to 1.92 million tons, metal cord – by 6.6%, to 79.6 thousand tons, RML wire – by 14%,…