Steppe Cement sold 837,063t of cement in the first half of 2022, compared to 840,661t in the same period a year earlier. While volumes remained stable, turnover over the same period improved by 18 per cent from KZT16,657m (US$35.1m) to KZT19,579m. The average price of delivered cement over the 1H22 was KZT23,391/t, up from KZT19,814/t in the 1H21. The average ex-factory price came in at KZT20,485/t in the opening half of 2022, versus KZT16,571/t in the first half of 2021.
Steppe Cement currently has a 14.6 per cent share of Kazakhstan's cement market. The market as a whole in the 1H22 remained on a par with the 1H21. Imports continued to account for around six per cent of the local market, but exports fell by 44 per cent in the 1H22 to 0.55Mt.
Published under Cement News