Steppe Cement provides market update for quarter ended 30 September 2022
Published by David Bizley,
Senior Editor
World Cement,
Third quarter 2022 revenue of KZT 13 071 million was 9% higher than revenue of KZT 12 045 milliona chieved in the corresponding quarter in 2021. For the 9 months ended 30 September 2022, SteppeCement Ltd (Steppe Cement) recorded revenue of KZT 32 651 million compared with KZT 28 812 million in the corresponding 9-month period in 2022, representing a 13% increase.
A sales volume of 546 357 tonnes was achieved during the third quarter, a 2% increase from the third quarter of 2021. For the first 9 months of 2022, the sales volume decreased by 1% to 1 362 407 tonnes from 1 375 464 tonnes in the corresponding 9-month period in 2021.
The average price (ex-VAT) for delivered cement was KZT 23 965 per tonne in the first 9 months compared with KZT 20 947 per tonne last year. For the first 9 months of 2022, the ex-factory price stood at KZT21 023 per tonne, an increase of 17% over KZT17 930 in 2021. For the first 9 months of 2022, the cement market in Kazakhstan was 9.4 million tonnes, 2%higher than in 2021.
Imports decreased to 6% from 7% of total consumption in the corresponding 9-month period in 2021. Exports from Kazakhstan were 0.85 million tonnes. Current estimate of the cement market for 2022 is 11.8 million tonnes or 2% above 2021, with Steppe Cement's market share at 15%.
Read the article online at: https://www.worldcement.com/europe-cis/10102022/steppe-cement-provides-market-update-for-quarter-ended-30-september-2022/
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