Steppe Cement shares rise as cement sales increase in first quarter

(Alliance News) - Steppe Cement Ltd on Friday said its market share for cement in Kazakhstan rose in the first quarter of the year, as it sold more cement.

Steppe Cement shares were 16% higher at 22.00 pence each on Friday morning in London.

The Kazakhstan-focused cement producer said sales in the first quarter rise to 344,058 tonnes of cement to around USD19.5 million, from 276,217 tonnes for USD12.7 million a year prior.

The average price per tonne climbed to around USD57 from USD47 a year prior. "Steppe Cement's market share increased to 16.0% [in Kazakhstan] in the first quarter of 2026 compared with 13.5% in the first quarter of 2025," it said.

Production of clinker in the first quarter was similar to that of 2025, the firm said.

For 2026, the company expects total cement consumption in Kazakhstan to be in line with 2025 levels, at about 14.5 million tonnes.

By Tom Budszus, Alliance News slot editor

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