OREANDA-NEWS. January 27, 2009. In 2008, the commercial output of the Belarusian Steel Works (BMZ trademark) amounted to 2.41 million tonnes or up 11.4% compared with 2007.

According to preliminary data, the enterprise produced 1.43 million tonnes of rolled metal, 636 thousand tonnes of casting block and bloom, 95.3 thousand tonnes of steel cord, 37.5 thousand tonnes of bead wire, 37.3 thousand tonnes of seamless hot-rolled pipes and 131.2 thousand tonnes of other kinds of steel wire. Thanks to the fulfillment of the production targets, the enterprise posted the first-ever USD 2 billion profit from selling commercial output.

The export of steel products amounted to USD 1.66 billion, up 44% from 2007. The foreign trade surplus was posted at USD 778 million. The profit margin was 19.6%; the sales profit USD 315 million. The certified products accounted for 73.8% of all the marketed products.

According to the specialists, despite a H2 drop in sales prompted by the global financial crisis, the enterprise fulfilled most of the objectives of the socio-economic development. It was achieved thanks to the wise marketing policy and the search for new markets. The company enhanced the sales of steel products in the Middle East, South-East Asia, and Africa. This trend remains in place in 2009. In January 2009, BMZ shipped its products to Israel, Nigeria, Cote d’Ivoire for the first time.

Founded in 1984, BMZ is at the CIS forefront of equipment standards. Belarusian Steel Works is an export-oriented company delivering its products to almost 60 countries. Export exceeds 85% of the company’s output. BMZ manufactures cast sections, rolled sections, profiled iron, reinforcing bars, metal cord and other kinds of wire.