REG - Steppe Cement Ltd - Market Update - First half of 2022

Steppe CementAnnouncement

12/07/2022 07:00

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RNS Number : 1063S  Steppe Cement Limited  12 July 2022

12 July 2022

 

Steppe Cement Ltd

 

Market update for the first half of 2022

 

In the first half of 2022, Steppe Cement Ltd ("Steppe Cement" or the
"Company") sold 837,063 tonnes of cement for 19,579 million Tenge,
compared with 840,661 tonnes of cement for 16,657 million Tenge in the first
half of 2021. The volume was maintained but the turnover increased by 18%.

 

The average price for the current period for delivered cement
was 23,391 Tenge per tonne (ex-VAT),

compared with 19,814 Tenge per tonne in the corresponding period of 2021. The
ex-factory price for the current period was 20,485 Tenge per tonne, compared
with 16,571 Tenge per tonne in the

corresponding period of 2021.

 

The cement market in Kazakhstan in the first half of 2022 remained the same as
in 2021.

Imports represented 6.0% of the local market as in 2021 but exports from
Kazakhstan were

reduced by 44% to 0.55 million tonnes. Steppe Cement's local market share was
14.6% in the first half of 2022.

 

Steppe Cement's AIM nominated adviser and broker is RFC Ambrian Limited.

 

Nominated Adviser contact: Stephen Allen or Andrew Thomson on +61 8 9480 2500.

 

Broker contact: Charlie Cryer at +44 20 3440 6800.

 

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