The economic effect from introducing cost-saving measures in the Belarusian steel mill BMZ totaled $118.6 million in 2018 or over 9% of the prime cost of the products the company makes. The figures were mentioned by the company’s Director General Anatoly Savenok at a performance review conference of the company’s trade union. According to the…
In 2018 Belarus Iron and Steel Works produced 2.4 million tons of steel, with bars manufacture at 2.1 million tons, seamless pipes – 139 thousand tons, metal cord – 92 thousand tons, and wire – 332 thousand tons. Revenue reached $1.5 billion. Last year BMZ exported metal to 66 countries. The main markets are EU…
This year BMZ the managing company of the Belarus Iron and Steel Works intends to increase its presence on the African continent. In January-February exports to Africa exceeded 57 thousand tons, or 15% in the total exports. In order to strengthen its position, in early March BMZ held negotiations with potential customers from Senegal, as…
The second rolling shop of the Belarusian steel mill BMZ has made 2 million tons of products. The milestone batch of products was shipped to the Netherlands. The second rolling shop is designed to make a broad range of rolled products, section iron, reinforcing bars, and other kinds of merchandise. It was commissioned in 2015.…
On March 1 Belarus Iron and Steel Works put into operation a new machine to produce metal cord for bulk and extremely bulk tyres. The GCR machine was assembled in the steel wire shop No. 2. This is the only shop at the company to produce such a cord. It has improved strength because of…
In 2018 the Belarusian steel mill BMZ exported over 2 million tons of metal products worth over $1.25 billion, up by 25.9% YoY. Last year BMZ exported steel products to 66 countries. Europe accounted for 49.1% of BMZ’s exports, the CIS for 24.2% and Asia for 11.9%. The share of Africa and the Americas was…
In 2018 the Belarusian steel mill BMZ shipped over 2.36 million tons of metal products, 106.2% as against 2017. Innovative products represented over 26% of the sold merchandise, BMZ Press Secretary Alexander Olesik reported. In 2018 BMZ shipped over $380 million worth of innovative products to customers. The company started making 18 new kinds of…
In January-November 2018 the Belarus Iron and Steel Works shipped $1.5 billion worth of merchandise, up by $293 million from the whole 2017, BMZ Press Secretary Alexander Olesik reported. A batch of reinforcing bars shipped to BMZ’s trading house in the Baltic States on the night of December 27-28, 2018 raised the year’s total earnings…