Kazakhstan increased steel production by 11.2% y/y in January-September

In September, the country's steelmakers increased steel production by 0.2% y/y

In January-September 2023, steelmakers of Kazakhstan increased the production of steel by 11.2% compared to the same period in 2022 – up to 2.94 million tons. This is evidenced by the data of the Bureau of National Statistics, reports Kallanish.

In September 2023, steelmakers of Kazakhstan increased steel production by 0.2% compared to September 2022 – up to 330.78 thousand tons. Compared to August 2023, in September the indicator increased by 3.4%.

In September, the country’s steelmakers reduced the production of flat products by 1% y/y – to 220.5 thousand tons. In January-September, this indicator was 1.86 million tons, decreasing by 3.6% compared to the same period of 2022.

In 2022 Kazakhstan reduced production of steel by 8.5% year-on-year – to 4.13 million tons. The production of flat rolled products in the specified period fell by 15.1% compared to 2021 – to 2.5 million tons.

In January 2023, the country’s government announced that it would support development of steel industry and is ready to implement constructive business proposals. In 2022, the industry launched 19 new investment projects worth 232 billion tenge (over $502 million).

As GMK Center reported earlier, Kazakhstan intends for another six months to extend the ban for scrap export. The committee of the Ministry of Industry and Infrastructure Development of the country placed the relevant draft of the order for public discussion. The ban will cover the export of scrap and waste of non-ferrous metals, as well as the export of scrap and waste of ferrous metals by road and sea transport.