Kazakhstan: Steppe Cement increased its revenue by 43% year-on-year to US$63m after selling 978,950t of cement in the first half of 2026, up by 15% from 850,424t a year earlier. It said that higher average selling prices, supported by increased sales volumes and positive currency exchange movement, helped bring about the result. The company increased its market share to 15%. It expects full-year sales of around 1.95Mt, below 2025 levels, reflecting reduced clinker inventories. The company said that exports and imports ‘held steady’ at 2025 levels. Its project to expand production capacity to 2.5Mt is apparently progressing according to schedule, with final commissioning expected in mid-2027.
Steppe Cement reports 2026 first-half results
