Steppe Cement 1Q sales rise, Kazakhstan

Steppe Cement 1Q sales rise, Kazakhstan
Published: 18 April 2011

Steppe Cement Limited announced Monday for the first quarter of 2011, it sold 187,404t of cement compared to 177,391t of cement in the first quarter of 2010.

The total market in Kazakhstan during 1Q, 2011 was similar to the same quarter last year.

Steppe Cement maintained its market share at 21% with additional volumes achieved through exports.

Average price for the current quarter for delivered cement was KZT9,188/t (excluding VAT) as compared with KZT 7835/t in 2010, an increase of 17%.

Ex-factory price for the current quarter stood at KZT 7345 or US$50/t, an increase of 13% over the same period in the previous year.

Steppe Cement estimates Kazakhstan’s cement market demand for 2011 to be 6.3 million tons, representing an increase of 10% from 2010.