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 there was a sharp decline in demand on the world steel market due to the coronacrisis.
The production of steel wire workshops at BMZ, in particular the production of steel cord and bead bronze wire, felt most of all on 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.
