The Beloretsk Metallurgical Plant, one of the oldest enterprises in the ferrous metallurgy sector in Russia, was founded in 1762 by merchants I.B. Tverdychev and I.S. Myasnikov on land purchased from local residents. Initially, the construction and operation of the plant were carried out by serf peasants from the Kazan, Nizhny Novgorod, Penza, and Ryazan provinces. The plant had a capacity of 122.5 thousand poods of cast iron and 80 thousand poods of iron per year. The enterprise employed 840 men, of whom 145 worked in the workshops, while the others were engaged in ore mining, timber harvesting, coal production, and transporting materials to the plant.

In 1773, the plant's operations were suspended due to the Pugachev Rebellion and resumed only three years later. In 1784, the enterprise passed to the eldest daughter of I.S. Myasnikov, who, upon marrying the nobleman A.I. Pashkov, received the plant as a dowry. By 1800, Beloretsk cast iron became the cheapest in the Urals, while the iron known as "Pashkovskoye" was famous for its easy malleability.

In the second half of the 19th century, the Ural industry experienced a decline, and in 1866, the plant came under guardianship. In 1874, the "Joint Stock Company of Beloretsk Ironworks of the Pashkovs" was established, effectively controlled by the Moscow trading house "Vogau & Co." In 1876, the old furnaces were replaced with 12 Swedish two-furnace ones, and in 1882, a rolling shop with four rolling mills was opened. In 1894, the first open-hearth furnace began operation, and in 1895, steel production commenced.

In 1908, a trio "650" continuous casting machine was put into operation, producing rolled iron and billets. In 1910, the production of steel cables began, and in 1911, the Beloretsk Steel Wire and Cable Plant was founded. In 1914, a wire and nail factory started operations with modern equipment for that time, including drawing lines and machines for making telegraph hooks. In 1915, the reconstruction of the open-hearth shop was completed, and the "260" machine for producing wire rod was put into operation. In 1943, cable shop No. 17 was built with equipment evacuated from the Khartsyzsk and Odessa plants.

Today, JSC "Beloretsk Metallurgical Plant" is one of the leading producers of metal products in Russia.