11,172.75 TRY BIST 100 BIST 100
4.56 CNY CNY CNY
33.00 USD USD USD
35.93 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

BMZ plans to supply at least 200 thousand tonnes of steel to countries on the African continent

Dmitry Korchik, general director of the Belarusian Steel Works (BMZ), told reporters that the company plans to export 200,000 tonnes of steel to African countries in 2024.

BMZ plans to supply at least 200 thousand tonnes of steel to countries on the African continent

"We have always had a presence on the African continent," Korchik emphasised. "Today, of course, there are some difficulties with logistics and settlement, but we are confident in our capacity. We have already secured some deliveries of steel products in the first quarter of this year and our minimum target for this year is 200,000 tonnes of steel".

Despite the logistical challenges, BMZ continues to increase its export volumes.

 "Last year we shipped around 140,000 tonnes of products to the African continent and this year we plan to increase shipments. They recognise our products there, they are interested in our products," Dmitry Korchik added.

Import substitution is one of the key directions of business development of the company. Last year, more than 60 new product types were mastered, including new steel grades and product types, primarily for the automotive industry, he noted.

In addition, BMZ is actively expanding its supplies to the Belarusian domestic market, especially in the automotive and machine-building sectors, where imported products prevailed.

In addition to expanding into African and domestic markets, BMZ is also increasing its supplies to Russia, focusing on construction, automotive, mechanical engineering and oil production.

"The company reaches a monthly steel production of 220 thousand tonnes in March. We have relevant contracts and orders for all production. All issues related to the supply of raw materials and scrap metal have been resolved; today we even have a stockpile being formed. The economy of the enterprise is positive. We are working on improving production efficiency to fulfil all our social obligations," summarised Dmitry Korchik.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 2024

Egypt’s rebar market with price fluctuations and competitive offers this week

Tuesday, July 23, 2024

India underlines the important role of green steel in the iron and steel sector

Monday, July 22, 2024

Ermaden discovered a gold mine in Sivas

Tuesday, July 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now