Business news

BMZ’s wire rod sales to EU nearly up by 20%

GOMEL, 4 November (BelTA) – In January-September 2020 the Belarusian steel mill BMZ sold more than 200,000 tonnes of wire rod to the European union countries, up by 22% year-on-year. This product accounted for more than a quarter of BMZ’s total export to the EU, BelTA has learned from the press service of the Industry Ministry

This year BMZ exported wire rod to 13 countries of the European Union. The plant has significantly increased shipments to Poland, Romania, Italy and the Netherlands, which became BMZ’s largest importers in the EU. In 2020 wire rod was also sold to Bulgaria, Spain and Slovenia where there were no shipments last year.

“BMZ wire rod consumers are European companies producing fasteners, damper springs for the automotive industry, fasteners for the railway and furniture springs. In January-September 2020 BMZ produced more than 650,000 tonnes of wire rod. Its export is slightly higher this year than in the same period of the previous year. In January-September  of 2020 BMZ exported wire rod worth almost $120 million to 23 countries,” the press service noted.

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