Steppe Cement sees revenue up 32% in 2018

Steppe Cement Ltd reported 2018 revenue of KZT28.34bn (US$75.4m), up 32 per cent YoY. The Kazakhstan cement producer had cement volumes of 1.7Mt, a rise of six per cent while the average cement price rose by 25 per cent YoY to KZT16,480/t.

Steppe Cement's market share increased to 17.5 per cent, while the company's exports rose by 50 per cent to 146,000t.

Despite this positive set of results, cement consumption in Kazakhstan fell by four per cent to 8.8Mt last year.