Kazakhstan increased steel production by 15% y/y in September

In September this year, Kazakhstan increased steel production by 5.7% compared to August and by 14.6% year-on-year – to 362.6 thousand tons. This is evidenced by the data of the Statistical Committee of the Ministry of Economy, Kallanish reports.

In 9 months of 2024, steel production in the country amounted to 3.15 million tons, up 10% year-on-year.

Flat products production in September increased by 13.2% m/m and 1% y/y – to 222.8 thousand tons. For the first nine months of the year, these volumes amounted to almost 2.26 million tons (+21.2% y/y).

Qarmet (formerly ArcelorMittal Temirtau) increased steel production by 14% in January-September 2024 compared to the same period in 2023, to 2.6 million tons. Overall, the company plans to increase its steel production in 2024. Steel production is expected to grow to 3.5 million tons this year, up from 2.9 million tons in 2023, while iron ore concentrate production is expected to increase by 10%, to 10 million tons. At the same time, coal production is expected to decline by 2%.

As GMK Center reported earlier, in 2023, Kazakhstan increased steel production by 16.4% year-on-year – to 3.92 million tons. Flat products production in the period decreased by 3.6% year-on-year – to 2.45 million tons. Ferroalloy production last year decreased by 3.6% y/y – to 2.01 million tons.