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Export by Belarusian steel mill BMZ 42.7% up in January-April

GOMEL, 31 May (BelTA) - In January-April 2017 the Belarusian steel mill BMZ exported 578,900 tonnes of metal products worth $283.4 million. In monetary terms the export growth rate totaled 142.7% as against January-April 2016, the company?s Press Secretary Alexander Olesik told BelTA. The company reported the largest increase in the export of seamless hot-rolled pipes (190.8%) and fasteners (140.2%). Thanks to the active marketing and sales policy the Zhlobin-based company ships metal products to customers in a timely manner. In early May the stock in storage dropped to the lowest figure on record in the last few years ? 6.9% of the average monthly output. About 60% of the products the company makes is sold via the BMZ proprietary distribution chain, which comprises over 15 joint ventures, trading houses, and distributors in countries located all over the world. The largest consumers of products made by BMZ and sold via the proprietary distribution chain include Russia, Netherlands, Germany, Poland, and Lithuania. Russia accounts for 33% of the sales. At present BMZ?s manufacturing facilities are operating at 100% of their capacity. The company has enough contracts for Q2 and Q3 2017 for most of the products it makes. The order queue is full till the end of the year for products like metal cord, bead wire, wire for high-pressure hoses, and several kinds of rolled steel products for automobile and mechanical engineering industries. Belarusian Steel Works (BMZ for short) was founded in 1984. The steel mill specializes in cast bars, profiled iron, rolled steel, reinforcing bars, pipes, metal cord, wire for high-pressure hoses, and other kinds of wire. The company exports over 80% of the output.