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Belarusian rolled metal products may appear in Mongolia at prices lower than Russian ones

Belarus

The management of OJSC "BMZ" held negotiations with a representative delegation from Mongolia on the supply of metallurgical raw materials to Belarus and shipments of Belarusian rebar to Mongolia.

Belarusian rolled metal products may appear in Mongolia at prices lower than Russian ones

The parties confirmed their readiness to develop mutually beneficial partnership. Recall that in 2020, BMZ OJSC imported 569 tons of fluorspar from Mongolia (104.6 tons in 2019). This year, due to various circumstances, the import was not carried out, there is an interest on both sides to resume this cooperation.

Another topic of negotiations is the supply of reinforcing bars to Mongolia. Currently, local enterprises cooperate with Russian and Chinese partners. The Belarusian side offered no less favorable conditions for the supply of its metal products. We can talk about at least half of the total supply of these products to the country (80-90 thousand tons). The question was taken into consideration by the Mongolian side.

Mongolia, like Belarus, is landlocked. Traditionally, the country's economy has been dependent on livestock and agriculture. But in recent years, thanks to foreign direct investment in Mongolia's mining industries, based on vast deposits of copper, gold, coal, molybdenum, fluorspar, uranium, tin and tungsten, the economy has been booming. The annual GDP growth rate for the 1st quarter of 2021 was 15.7%.

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