Kazakhstan - Latest news GMK Center

The relevant ministry notes that the change of investor cannot be forced

Negotiations are currently underway with the Russian metallurgical company Severstal

Compared to June, steel production fell by 6.1%

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