BUCE expects growth in supplies of metal products from Russia’s Chelyabinsk
MINSK, 5 April
(BelTA) — The Belarusian Universal Commodity Exchange (BUCE) expects growth in
supplies of metal products and equipment from Russia’s Chelyabinsk Oblast,
BelTA learned from the BUCE press service.
Following the results
of negotiations held within the roundtable on strengthening
Belarusian-Chelyabinsk trade relations, which took place at the Chelyabinsk Oblast
exhibition pavilion in Minsk, the Belarusian Universal Commodity Exchange
expects an increase in the sales of Russian non-ferrous metallurgy products and
equipment for metalworking at the exchange trading. This comes with the plans of
a large producer of aluminum and aluminum alloys from Magnitogorsk, as well as
manufacturers of forging equipment and cutting tools from Chelyabinsk to enter
the exchange platform. These companies intend to supply their products to BUCE-accredited
enterprises of the industrial sector, which regularly use the exchange
mechanism for procurement purposes.
Non-ferrous metals
and their products are among the most demanded commodity positions on the
exchange platform. The main consumers are enterprises of machine-building,
metallurgical, oil and gas and construction industries. In Q1 2024, 1,500 tonnes
of non-ferrous rolled metal products worth Br33.2 million were sold on the
exchange platform for the domestic market.
“Aluminum strip,
bars, profiles and casting alloys, as well as brass and bronze bars and strip
were in the highest demand from Belarusian participants. As for technological
equipment and tools, the products of this category were widely represented at
the industrial and consumer goods platform. In particular, the share of
equipment and mechanical devices in the structure of purchases on this platform
amounted to 15% at the end of the first quarter, with the lion’s share of
transactions coming to import-substituting goods,” the press service said.
As of 1 April 2024, a
total of 86 companies from Chelyabinsk Oblast were accredited at the BUCE. In
2024, electric-welded pipes, flux-cored wire, metallic manganese and crushed
graphite have been supplied to Belarus from this Russian region, while tungsten
waste and steel scrap have been exported to Chelyabinsk Oblast.
