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28 December 2018, 18:40

Earnings of Belarusian steel mill BMZ past $1.5bn in 2018

GOMEL, 28 December (BelTA) – Since the beginning of the year the Belarusian steel mill BMZ has shipped $1.5 billion worth of merchandise, $293 million up from the total figure registered in 2017, BMZ Press Secretary Alexander Olesik told BelTA.

A batch of reinforcing bars shipped to BMZ's trading house in the Baltic states on the night of 27-28 December raised this year's total earnings to $1.5 billion. The reinforcing bars are now on the way to the UK.

In January-November 2018 BMZ made 2.24 million tonnes of steel, 1.95 million tonnes of rolled products, 136,500 tonnes of seamless pipes, and 386,600 tonnes of steel wire products (metal cord, bronzed bead wire, wire for high-pressure hoses, and steel wire for other applications). The company exported about 1.845 million tonnes of merchandise worth over $1.156 billion to 66 countries across the globe, 106.6% as against the same period of 2017 in physical terms and 128% in monetary terms.

The public joint-stock company (OAO) BMZ – managing company of the holding company BMC is a high-tech Belarusian metallurgical company. BMZ has four enterprises united by a single process flow – a steel smelting division, a rolling division, a pipe division, and divisions making hardware items and supplying work tools and implements. BMZ exports over 80% of the output every year.

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