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%,…
Belarus is among the world’s top ten metal cord manufacturers, the press service of Belarus Iron and Steel Works (BMZ trademark) reported. On November 21, BMZ celebrated the 30th anniversary of the launch of steel plant No. 1 and the start of metal cord production in Belarus. BMZ produces and sells metal cord, the main…
In January-October Belarus Iron and Steel Works received $969 million. According to the company statement, innovative products account for some 25% of the volume, with the major part of it produced at bars shop No. 2. In particular, the company is producing rods for world automobile manufacturers Daimler, Volkswagen, BMW, MAN, etc. (Ukrainian metal)
Belarus Iron and Steel Works is expanding the range of its exports. This year two new countries were added to the company destination. For the first time in its history BMZ has sent metal to Benin and Togo. In January-August BMZ exported to 51 countries. The largest importers were Russia, the Netherlands, Israel, Lithuania, Poland,…