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International forum in Minsk to discuss metals market trends
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MINSK, 25 May (BelTA) - About 100 representatives of the business community, including major metals producers and suppliers from Russia, will take part in the roundtable "Market for the production and consumption of ferrous and non-ferrous metals in the Republic of Belarus" on 27 May, BelTA learned from the press service of the Belarusian Universal Commodity Exchange (BUCE).
The roundtable has been organized by BUCE and the Russian Union of Metal and Steel Suppliers. The parties are set to discuss the current situation on the metals market in Belarus and Russia, the main trends of 2021 and a whole range of issues related to stock trade.
"In January-April the share of metal products in stock trade was 25% or Br613 million. The number of transactions surged by 39% year-on-year. The most popular commodity positions among the Belarusian bidders were products made from ferrous metals produced in Russia. Therefore, the roundtable will discuss the pricing for ferrous rolled stock, the advantages of using the ‘delivery versus payment’ scheme when making transactions and the interaction of sellers and buyers amid the COVID-19 pandemic," the press service noted
The Russian delegation is also set to visit Minsk Tractor Works (MTZ trademark) and the mechanical engineering company Amkodor to discuss cooperation and to get familiar with materials and technologies used in the production of Belarusian vehicles.
Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry, and agricultural products, industrial and consumer goods. As many as 5,100 companies are accredited at BUCE, including 474 companies from Lithuania, 166 from Estonia, and nine from Switzerland.
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