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Azia Metall Prof plans $106.9mn steel mill in Kazakhstan

The proposed plant will be located in the Taraz Industrial Zone in southern Kazakhstan. Azia Metall Prof plans to produce square billets and thin-gauge galvanized steel with a polymer coating at this new facility.

Negotiations between the company’s investors and local authorities are already underway, focusing on key aspects such as energy availability, engineering requirements, and transport infrastructure. Regional authorities have expressed their support for the project, emphasizing the importance of compliance with environmental standards.

A land plot for the construction has been allocated, and all relevant documents have been secured. The current phase involves preparing the estimate and design documentation.

The Taraz Industrial Zone, situated in the Zhambyl region within the cities of Karatau and Taraz, hosts nine projects with a total investment of KZT 74.6 billion ($159.8 million), according to the Taraz Social and Entrepreneurial Corporation.

Steel production in Kazakhstan is expected to grow by 13% in 2024 compared to 2023, reaching 3.3 million tons. Iron ore concentrate production is anticipated to increase by 10%, reaching 10 million tons, while coal production is projected to decline by 2%.

Earlier reports from the GMK Center indicated that Kazakhstan increased its steel production by 3.6% year-on-year from January to May 2024, totaling 1.68 million tons. The output of flat products reached 1.08 million tons, marking a 5.8% year-on-year increase.

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