Kazakhstan - Latest news GMK Center

Currently, the country is discussing the project of the relevant order

The project is expected to be implemented in two phases

In January-May, the country's steel enterprises reduced steel production by 9.4% y/y

Last week, there was a coke release in the company's blast furnace

The plant reached the maximum production rate in the last ten years – 42 thousand tons of sheet steel per month

In January-April, the country's steel enterprises reduced steel production by 11.3% y/y

The ban applies to all types of ferrous scrap, but does not include alloyed or corrosion-resistant scrap

Flat rolled production in March 2023 decreased by 8.6% year-on-year

Flat rolled production in February 2023 fell by 9.5% year-on-year

In December, Kazakhstan's steelmakers reduced steel production by 25.7% y/y

Now the share of iron and steel sector in the national GDP is 8.5%

The total amount of investment in the project will be $125 million