Kazakhstan: Steppe Cement sold 236,000t of cement in the first three months of 2020, down by 11% year-on-year from 266,000t in first quarter of 2019. Its sales were US$9.36m, down by 10% from US$10.4m. Regulatory News Service has reported that Steppe Cement’s Kazakh cement market share decreased to 13% from 17% in the corresponding quarter of 2019.
Steppe Cement estimated that Kazakhstan's cement demand will decrease in 2020 due to the uncertainty of the oil market and the negative effects of coronavirus. It says that its 3.6Mt/yr integrated Karaganda plant continues to operate at 100% capacity.
