Kazakhstan - Latest news GMK Center

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

Investments in new projects – a plant for the production of galvanized steel, a pipe plant and a hot-dip galvanizing plant – are expected at the level of $478 million

The capacity of the enterprise will be 800,000 tons of products per year

The ban on the scrap metal export is expected to be extended for another 6 months in order to meet domestic demand

Most of the funds are intended to be used to modernize ArcelorMittal Temirtau production

Before the order came into force, goods should be freely exported from Kazakhstan