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Belarusian Metallurgical Plant expects hardware production to grow by 150%

Ukraine / Ferrous metallurgy

In August, consumers of steel cord and bead bronze wire, along with contract volumes, placed at BMZ additional orders for these products in the amount of almost 1000 tons.

Belarusian Metallurgical Plant expects hardware production to grow by 150%

OJSC “BMZ, the management company of the“ BMK ”holding, plans to produce and ship about 30 thousand tons of products of steel wire workshops - steel cord and wire for various purposes by the results of August. This is almost a third more than it was in May, when the global steel market saw a sharp decline in demand due to the coronavirus crisis.

The production of steel wire workshops at BMZ, in particular the production of steel cord and bead bronze wire, most of all felt the consequences of the impact of the coronavirus crisis on the world economy. Due to the suspension of the work of large European tire companies during the pandemic, consumption of these products has dropped sharply. However, at present at BMZ there is a stable increase in the workload of hardware shops. So, if in the last spring month the production of metal cord was characterized by uncharacteristically low indicators for the plant, then in June-July it increased by 117%, and by the end of August, compared to May, an increase of 150 percent is expected. Such dynamics, which can be traced along the side bronze wire, will allow the plant to approach the same period of 2019 by the end of the current month.

It should be noted that in August of this year, consumers of steel cord and bead bronze wire, along with contract volumes, placed additional orders for these products in the amount of almost 1000 tons at BMZ. These are tire factories located in Serbia, Germany, Russia, Romania, Hungary and the Czech Republic. Currently, the plant's staff is working to fulfill its obligations to consumers.

According to the results of 7 months of 2020, BMZ exported almost 1.2 million tons of metal products to 50 countries of the world. The leaders of its consumption are Russia, Germany, Israel, Lithuania and Poland.

Previously it was reported that BMZ temporarily stopped production because of workers' protests against the re-election of President of Belarus Alexander Lukashenko.

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