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News Steppe Cement records decline in sales

Steppe Cement records decline in sales

Written by Global Cement staff 05 April 2024
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Kazakhstan: Steppe Cement sold 175,383t of cement for US$8.5m in the first quarter of 2024, down from 214,832t for US$11m in the first quarter of 2023. This represents a year-on-year decline of 18% in volume and 23% in value. Despite the decrease in sales, its production of clinker grew by 25% year-on-year.

Cement sales in Kazakhstan declined by 12% to 1.69Mt in the first quarter of 2024. Exports fell by 6%, mainly due to reduced exports to Uzbekistan. Imports remained level at 4% of domestic demand, with the majority coming from Russia. Steppe Cement anticipates a total market demand of approximately 11Mt in Kazakhstan for 2024, a 5% year-on-year decrease. Rising transport costs and an increased proportion of shipments to southern Kazakhstan resulted in low margins, according to the company.

Last modified on 10 April 2024
Published in Global Cement News
Tagged under
  • Kazakhstan
  • Steppe Cement
  • Sales
  • volumes
  • Export
  • Results
  • GCW654
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