Qarmet will build a new casting and rolling complex in Temirtau valued at $700 million

Qarmet has announced the construction of a new casting and rolling complex (CRC) in Temirtau, Kazakhstan. This was announced by Jens Bart, Director of Development at Qarmet, according to The Astana Times.

The project is valued at $700 million and is expected to become a significant milestone in the modernization of the country’s metallurgical industry, as well as the first of its kind in Central Asia.

The new complex will be built from scratch using next-generation technologies. It will enable annual production of up to 4 million t of high-quality flat products, including premium steel grades for the oil and gas, nuclear power, and engineering sectors.

Currently, Qarmet is cooperating with leading engineering firms, including Primetals Technologies, SMS Group, and Danieli, to finalize the configuration of the complex. Commissioning is scheduled for 2027.

Additionally, according to Qarmet’s Development Director, new coke oven batteries are planned to be launched during 2026–2027, along with the construction of a mining and processing plant (MPP) in Karazhal.

It should be noted that over the next 5 years, Qarmet plans to invest $3.5 billion in sustainable development. The company will allocate $300 million for mine safety, while the remainder is earmarked for environmental protection and modernization.

As GMK Center reported, by the end of 2024, Qarmet exceeded its production plan for almost all key product types. Specifically, the pig iron output target was exceeded by 15%, steel by 15%, coke by 18%, sinter by 12%, and long-rolled products shop by 17%. Within the company’s current-year business plan, production of 3.7 million t of steel is planned.