Qarmet
In October 2025, Kazakhstan’s steel enterprises increased steel production by 22.7% compared to the previous month, to 350.51 thousand tons. Compared to October 2024, the figure increased by 3.7%. This was reported by Kallanish, citing data from the Ministry of Economy’s statistical committee.
Flat steel production increased by 4.8% year-on-year during the month, but decreased by 2.2% month-on-month to 209.67 thousand tons.
During January-October, steel production in Kazakhstan decreased by 0.1% compared to the same period in 2024, to 3.43 million tons. Rolled metal production for 10 months increased by 4.9% y/y, to 2.42 million tons.
In 2024, Kazakhstan increased steel production by 9.5% compared to 2023, to 4.17 million tons. Flat steel production last year increased by 18.2% compared to 2023, to 2.9 million tons.
The Kazakh steel plant Qarmet exceeded its production plan for the year by 15% for pig iron, 15% for steel, 18% for coke, 12% for sinter, and 17% for the section rolling shop. The improved performance of this key industry player has a positive impact on the country’s overall production volume.
In Q1, Qarmet’s steel production increased by 30% y/y, and product shipments by 23% y/y. Overall, the company plans to produce 3.7 million tons of steel in 2025.
Last year, Qarmet and the Chinese company Xinxing Ductile Iron Pipes Co agreed to build a cast iron pipe plant in Kazakhstan. The plant’s design capacity will be 200,000 tons per year, and the total investment will be $161 million.
The company also signed a $1 billion agreement with China Metallurgical Group to establish long-term and comprehensive cooperation in the steel industry.
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