Kazakhstan: Steppe Cement has reported a fall in cement sales for the first quarter of 2016. Its sales revenue fell by 12% year-on-year to US$5.98m from US$6.79m in the same period in 2015. Cement sales volumes fell slightly to 190,000t from 193,000t. The company intends to regain market share and increase sales in the south of the country in the rest of the year.
Overall the cement producer said that the cement market in Kazakhstan decreased by 16% year-on-year in 2016. However, the market reduction slowed in March 2016. The company estimates that Kazakhstan’s cement market will reduce to 8.5Mt in 2016 from 9.6Mt/in 2015.
