9,602.16 TRY BIST 100 BIST 100
36.44 USD USD USD
5.04 CNY CNY CNY
38.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.64 TRY Interest Interest
74.40 USD Fossil Oil Fossil Oil
32.64 USD Silver Silver
4.59 USD Copper Copper
108.75 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,442.94 TRY Gold (gr) Gold (gr)

659 million dollar steel production plant to be built in Kazakhstan

A $659 million steel production facility will be built in the Kostanay region of Kazakhstan. The production capacity of this plant will be between 650 and 1,000 tonnes.

659 million dollar steel production plant to be built in Kazakhstan

Kazakhstan is about to receive new facilities in the engineering, chemical and metallurgical industries with an investment of 695 million dollars, Kazakhstan's regional executive authority told LS Kazakhstan.

One of the important projects is the construction of a $659 million steel production plant, which is expected to employ 600 people.

The production capacity of the new steel plant will reach 650 tonnes to 1,000 tonnes of steel billets per year.
In addition, a plant for the production of hot briquetted iron is planned to be commissioned. The opening cost of the plant is estimated at $2.07 billion. The capacity will be 2-2.5 million tonnes per year.

The completion date of these projects, in which enterprises from Kazakhstan and Russia are interested, is set for 2026.

A localisation centre for the production of auto parts is planned to be opened in the Kostanai industrial zone on an area of 9.9 hectares. The cost of this project is estimated at $ 29.3 million, and the number of jobs can reach 800. The production capacity will be 60 thousand sets per year.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Bilecik Demir Çelik accelerates its green transformation with carbon and water footprint certifications

Monday, February 24, 2025

Australia seeks exemption from US tariffs

Monday, February 24, 2025

Borusan Boru announced a loss of TRY 226.6 million in 2024

Monday, February 24, 2025

CMB launches investigation into unusual price movements on Borsa Istanbul

Saturday, February 22, 2025

Tosyalı Holding bids for Liberty Steel plant in Luxembourg

Saturday, February 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now