Steppe Cement records 6% rise in volumes for 1H19

Kazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale of cement has surged 34 per cent to KZT14bn (US$36.6m) from KZT10.5bn.

The average price of its cement, excluding VAT, rose to KZT18,042/t, compared with KZT14,276/t in the 1H18. The company’s local market share increased slightly to 17 per cent from 16 per cent.

The overall cement market in the country contracted three per cent YoY during the first six months of this year. Imports accounted for an eight per cent share of the domestic market, remaining stable, while exports fell by five per cent to 0.87Mt. Steppe Cement estimates Kazakhstan’s cement consumption to finish at 8.6Mt for 2019.