On March 22 the arc furnace No. 1 was put into operation. Now the steel manufacture of Belarus Iron and Steel Works operates in normal mode with 3 furnaces. On March 12 repairs at the arc furnace No. 3 were completed. The repairmen were able to finish the work 3 days earlier. On March 17…
On March 12 the electric arc furnace No. 3 of Belarus Iron and Steel Works made the first steel after capital repairs. The furnace was shut down on February 12 for essential repairs. The company was able to cope with the repair 3 days in advance. At present scheduled repairs are being carried out at…
Belarus Iron and Steel Works had to shut down its manufacture because of the fire. The fire broke out on March 5 in the electric arc furnace shop No. 1. 30.6 thousand meters of electric cable insulation was damaged. Fortunately, there were no casualties. According to the company press service, the fire was the result…
In January Belarus Iron and Steel Works decreased imports of ferrous metal scrap from Russia by 26.6% MoM and by 0.3% YoY, to 80.4 thousand tons. In 2017 BMZ increased scrap imports from Russia by 11.2% YoY, to 1.358 million tons, having almost repeated the results of the year 2015. Last year the company increased…
UniCredit Bank Austria sealed a deal with Belarus Iron and Steel Works (BMZ trademark) to open a 15 million euros credit line in 2018, Belarus’ Deputy Industry Minister Gennady Svidersky reported. He drew attention to the fact that the reputable European bank would lend the money directly to the Belarusian-based enterprise. In the future, the…
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…