Kazakhstan: Steppe Cement's sales were US$68.7m during the first nine months of 2022, up by 13% year-on-year from US$60.6m in the corresponding period in 2021. Its cement sales volumes were 1.36Mt, down by 1% year-on-year from 1.38Mt.
Kazakhstan's cement demand grew by 2% year-on-year to 9.4Mt in the first nine months of 2022. Steppe Cement expects the Kazakh cement market to grow by 2% year-on-year to 11.8Mt throughout 2022. Steppe Cement holds a 15% market share.