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Steppe Cement reports positive 1H18
Steppe Cement sold 0.74 million t of cement in the first half of the year, a 14% increase on the same period in 2017. Sales revenues were up 23% year on year. Overall, the cement market in Kazakhstan increased 7% in 1H18. Domestic producers increased shipments by 15% and also benefitted from a more than doubling of exports, which came on the back of favourable exchange rates. Imports – which represent 8% of the market – also rose by 30%. Steppe Cement currently estimates the country’s cement consumption will be 9.4 million t in 2018. Steppe Cement’s local market share increased slightly over the first six months of the year from 15% in 1H17 to 16%. It also exported a slightly larger proportion of its sales. /WorldCement
UAECEMENT.COM - Jul ,15,2018

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