Steppe Cement reports first-half YoY rise

Steppe Cement reports first-half YoY rise
Published: 11 July 2011

In its latest trading statement, Kazakhstan-based Steppe Cement showed that in the first half of 2011 it sold 601,099t compared with 523,156t in the first half of 2010 – up 15 per cent YoY. 



The average price for the current period for delivered cement was 10,458 Tenge per tonne (ex VAT) compared with KZT8,972/t in the corresponding period of 2010. Ex-factory price for the current period stood at KZT8,777/t compared with KZT7,755/t in the corresponding period of 2010.



The volume of cement sales in Kazakhstan increased by about 4.3% during this period while the share of imported cement dropped from 23% to 17%.

Steppe Cement’s market share increased to 21.2% in the first half of 2011 from 19.8% YoY.

The company estimates that Kazakhstan’s consumption to be about 6.2Mt in 2011, representing an increase of 9% from 2010.