BMZ will increase its exports of rebar and wire rod in Africa

OAO BMZ (Belarusian steel works) is a management company of holding «BMK». The following year, she had serious plans. So it intends to increase exports of rebar and wire rod. Increased shipments will be delivered to the Republic of Senegal. Broad agreement has already been signed. This was done during the visit of representatives of BMZ in Senegal.

The company actively enhances the diversification of exports. For this step it pushed the «trade war». They are amplified in the global market. Because the Belarusian metallurgical plant decided to increase its presence in the African market. Visited Senegal and Ghana. This happened last week. In the process, negotiations were conducted with consumers and processors of scrap metal. So, agreements were signed for the supply of wire rod and reinforcing bar.

The BMZ exports to Africa could reach 3000 tons. Such a result experts expect this year. Next year the figure could rise several times. Today, exports to African countries accounted for 8.4%. Mean of the total exports of the BMZ. Products are exported to 15 countries on this continent. Among the leaders listed Algeria, Sudan, Egypt, Senegal and Mauritania.

Africa received BMZ metal products in the amount of 89.5 million dollars. This is the figure for the past 10 months of the current year. The growth rate was 157%. This is the same period last year. Total exports of the company amounted to 1.66 million tons. In General, it is estimated at more than $ 1 billion. For 2017, the final figure was $ 50 million less.