In the first five months of 2024, Kazakhstan's metallurgical production increased by 54.2%, driven by the growth in the production of ferroalloys, aluminum, lead, and copper.
Kazakhstan remains a significant exporter of ferrous and non-ferrous metals, positively affecting the country's trade balance and foreign exchange reserves. In the first four months of 2024, exports of metallurgical products increased by 8.3%, reaching 4.7 billion USD.
The number of enterprises in Kazakhstan's metallurgical sector has grown significantly, increasing competition. According to the Bureau of National Statistics, there are now 442 metallurgical companies in the country, 26 of which are large, with a total workforce of about 85,600 people.
In the first half of 2024, significant changes occurred in Kazakhstan's ferrous metallurgy sector. As part of the strategy to transition to a permit system for the collection, procurement, and processing of scrap metal, new laws and regulations were adopted. In February 2024, a six-month export ban on scrap metal was introduced to meet the raw material needs of local metallurgical enterprises.
Particular attention has been paid to export control issues. To strengthen the domestic market and meet the raw material needs of local enterprises, a ban on the export of ferrous and non-ferrous scrap metals was introduced.
According to the government, investments in the chemical industry’s fixed capital amounted to 68.4 billion tenge in January-May 2024. The increase in investments is due to the launch of projects for the production of technical silicon in Pavlodar region, hydrogen peroxide in Turkestan region, liquid nitrogen in Atyrau region, and other important initiatives. In the first six months of 2024, nine new small enterprises were opened in Kazakhstan. The main investment volumes are concentrated in Pavlodar region (38.2%), Zhambyl region (18.6%), Atyrau region (18.4%), Turkestan region (10.3%), and Mangystau region (7.4%).
Starting December 1, Kazakhstan will introduce a six-month ban on the export of steel and semi-finished products. This measure aims to promote the development of the domestic metallurgical industry and increase the production of high value-added products
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Construction of an electrometallurgical plant has begun in Ekibastuz, Kazakhstan, which will provide over 1,000 jobs and produce up to 1 million tons of steel per year, part of which will be exported to the CIS and the EU
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A joint project with the Netherlands to produce conveyor equipment for the mining industry is being launched in Kazakhstan. This cooperation aims to develop the industrial sector, create new jobs, and strengthen economic ties between the two countries.
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Kazakhstan is planning to increase its gas exports to China and is considering the construction of a new pipeline branch to achieve this. This move aims to strengthen its position in the Chinese market amid competition with Russia and Turkmenistan
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