Skip to main content

Steppe Cement takes hit on lower demand

Published by , Editor
World Cement,

Steppe Cement has announced a fall in revenue in 2016, as sales volumes and prices fell on a fall in cement demand in its home market of Kazakhstan. Cement consumption in Kazakhstan is estimated to have decreased to 8.9 million t, 8% lower than in 2015.

According to a company statement, revenues were 8% down for the year at KZT17.9 million. This compares to KZT19.5 million in 2015. Sales reached 1.6 million t, a 4% fall on the previous year.

The average price for Steppe’s cement also fall 4% to KZT11 426 per tonne, for which the company blamed “competition among local companies and the start-up of two dry kilns in the country during the year”.

The fourth quarter marked a shift in strategy, the company continued, as it tried to maintain higher prices at the expense of market share. “The strategy may be revised depending on the overall market reaction and the market share until the high season in 2017,” the company said. Steppe Cement’s market share remained stable at 17% during 2016.

Cement imports also took a hit, falling from 1.2 million t in 2015 to just 0.5 million t in 2016. Meanwhile, the country’s exports rose to 0.4 million t from 0.1 million t in the previous year.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your advance tickets NOW »


A sustainable step forward

Lafarge Canada and CarbiCrete partner to scale deployment of carbon-negative concrete technology.


Embed article link: (copy the HTML code below):