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.
