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30 July 2020, 19:58

BUCE, Miory Rolling Mill team up to export tinned iron

Photo courtesy of ua.all.biz
Photo courtesy of ua.all.biz

MINSK, 30 July (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) and Miory Rolling Mill (MMPZ) intend to team up to promote MMPZ products onto foreign markets. The relevant agreement was reached as a delegation of the rolling mill visited the BUCE HQ, BelTA has learned.

MMPZ Deputy Director General for Commerce Pavel Afanasenko noted: “Ours is an export-oriented enterprise. Scandinavia looks like the most interesting market for us. First of all because of the favorable price situation and the steadily high demand for tinned iron. We are also looking at Baltic states, which are closer to us and have a well-developed logistics infrastructure. We hope we will be able to use BUCE to promptly find the first customers and enable regular export shipments of tinned iron to Europe with time.”

BUCE Chairman of the Board Aleksandr Osmolovsky expressed readiness to assist MMPZ with selling products abroad and with buying raw materials. “Our commodity exchange is universal. Exchange trade is effective for buying raw materials and for exporting ready-made products. This is why I invite you to cooperate in both areas. Moreover, you are already accredited with the commodity exchange and will not have to put in any extra effort. You will just place a purchase bid or a sale bid while we will take care of the rest. By the way, we have a number of non-resident exchange brokers, who specialize in buying and selling metal products. They know this market perfectly well, so there will be no problems with finding business partners for your enterprise,” he stressed.

Miory Rolling Mill (aka MMPZ, Miory Steel brand) is an innovative industrial enterprise with a considerable volume of foreign investments. Once it reaches the designed output capacity, it will be able to make about 240,000 tonnes of tinned iron per year. Only two other companies in the post-Soviet space make such products. Tinned iron is widely used to make packaging for food and chemical products. Unlike its competitors MMPZ will make ultrathin tinned iron sheets with their thickness starting at 0.1mm.

The public joint-stock company (OAO) Belarusian Universal Commodity Exchange was established in 2004. The first trade sessions took place in June 2005. BUCE is one of the largest mercantile exchanges in Eastern Europe. Its key function is to assist Belarusian companies with exporting their products and assist foreign companies with entering the Belarusian market. The commodity exchange facilitates trade in metals, timber, agricultural products, and a broad choice of industrial and consumer goods.

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