The minister of industry Pavel Utyupin has presented the new general manager Dmitriy Korchik to the employees of Belarus Iron and Steel Works. His appointment was approved by the head of state on July 29. According to the government, the company has to develop foreign trade. And Korchik has vast experience in this field. Since…
In January-June Belarus Iron and Steel Works received Br 1.55 billion of revenue, up by 8.1% YoY. Sales loss amounted to Br 19.1 million as opposed to a profit of Br 139.3 million a year earlier. Net profit went up 2-fold, to Br 17 thousand. The company fixed liabilities since the start of the year…
Promoting steady growth and improving the efficiency are important for the Belarusian steel mill BMZ, Dmitry Korchik declared. On July 29 the president approved the appointment of Dmitry Korchik as director general of the Belarusian Steel Works Management Holding Company. “The company is known not only in Belarus but also throughout the world. The main…
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)
In January-March, Belarus Iron and Steel Works received $800 million of revenue, up by 124.4% YoY. Exports accounted for 85% of the revenue, growing by 13%, to $310 million. 555 thousand tons of metal were shipped to 48 countries. Steel output in 3 months went up by 32%, to 641 thousand tons, rolled metal –…
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)
The Belarusian steel mill BMZ and Turkish companies signed framework agreements on supplying metal products worth over $14 million during a Belarusian-Turkish business forum in Ankara on April 16. The agreements were signed by Director General of OAO BMZ – Managing Company of the Holding Company BMC Anatoly Savenok. In particular, BMZ intends to ship…
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)