December 02, 2008

BMZ planning flat products plant

It is reported that the largest steel plant of the Republic of Belarus, Byelorussian Steel Works, is looking for partners to build up a new production plants for flat steel at home.

As per report BMZ has started the negotiations with its potential cooperation partners in Russia, Germany and South Korea.

The estimated project cost is around USD 2 to USD 2.5 billion and the project is expected to be approved by the government in 2009 and will be completed in next 5 to 6 years.