Belarusian BMZ exports soar in January-September 2023

Belarusian Steel Works (BMZ trademark) has increased export deliveries by 120% over the past three quarters, Dmitry Korchik, Director General of BMZ, the Management Company of the holding company Belarusian Metallurgical Company (BMC), said at a meeting with the staff of one of the production units, BelTA learned from the Belarusian enterprise.

Dmitry Korchik praised the company's performance in January-September: BMZ made strong net profit, increasing steelmaking output, and also exports by more than 120%.

The BMZ is also looking to secure positive dynamics and net profit by the end of the year. The Industry Ministry is set to consider the business plan for 2024, which envisages production growth. “A big number of contracts and agreements were signed at Metal-Expo'2023. Russian consumers placed large orders from for the first half of 2024,” the CEO said.

As for pipe production, the operating rate is 100%, and there is also growth in metalware output.

According to the director general, the company's specialists continue to diversify markets, increasing the volume of supplies.

The public joint-stock company (OAO) BMZ, the Management Company of the holding company Belarusian Metallurgical Company (BMC), is a high-tech Belarusian metallurgical enterprise. It comprises infrastructure shops and four manufacturing divisions connected by one technological chain. The divisions focus on steel smelting, mill products, pipe products, hardware items.