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Kazakhstan - Latest news GMK Center

Photo – Kazakhstan’s Qarmet plans to increase production of steel products in 2024
Kazakhstan’s Qarmet plans to increase production of steel products in 2024

The company expects this indicator to increase by 13% compared to 2023

Photo – Kazakhstan plans to build a new ferroalloy plant
Kazakhstan plans to build a new ferroalloy plant

Commissioning of the enterprise is expected in 2025

Photo – Kazakhstan increased steel production by 22.6% y/y in November
Kazakhstan increased steel production by 22.6% y/y in November

In January-November, the country's steelmakers increased steel output by 13.4% y/y

Photo – ArcelorMittal Temirtau in Kazakhstan is renamed Qarmet
ArcelorMittal Temirtau in Kazakhstan is renamed Qarmet

The team was introduced to a new investor who took on production and social obligations

Photo – ArcelorMittal sold assets in Kazakhstan for $286 million
ArcelorMittal sold assets in Kazakhstan for $286 million

The new investor will be Allur Group, headed by Andrii Lavrentiev

Photo – ArcelorMittal Temirtau will be bought by a Kazakh investor by December
ArcelorMittal Temirtau will be bought by a Kazakh investor by December

The investor and the value of the contract will be named after all documents are signed

Photo – Kazakhstan reduced steel production by 7.1% m/m in October
Kazakhstan reduced steel production by 7.1% m/m in October

In January-October, the country's steelmakers increased steel output by 12.6% y/y

Photo – ArcelorMittal aims to quickly conclude a deal on assets in Kazakhstan
ArcelorMittal aims to quickly conclude a deal on assets in Kazakhstan

The company estimated its assets in the country at $1.8 billion

Photo – Kazakhstan to close the agreement on ArcelorMittal assets by the end of November
Kazakhstan to close the agreement on ArcelorMittal assets by the end of November

After this, the state does not intend to attract foreign investors

Photo – Kazakhstan regains assets of ArcelorMittal Temirtau
Kazakhstan regains assets of ArcelorMittal Temirtau

After the fatal accident on October 28, the authorities suspended investment cooperation with AMT

Photo – Kazakhstan extends the ban on the scrap export for another six months
Kazakhstan extends the ban on the scrap export for another six months

The decision was made in order to alleviate the shortage of scrap experienced by steel enterprises

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

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