A major metallurgical cluster is taking shape in Kazakhstan around the company Qarmet, creating new opportunities for small and medium-sized enterprises to engage in deep raw-material processing. The program is being implemented jointly with Baiterek Holding. Qarmet Chairman of the Board of Directors Andrey Lavrentyev presented the company’s preliminary 2025 results and key investment program priorities to President Kassym-Jomart Tokayev. Lavrentyev also briefed the President on nine major investment projects aimed at forming the country’s “steel framework” and reducing imports of rolled metal products. He noted the launch of new premium steel grades, including products intended for nuclear power plant construction. The company’s positive performance is reflected in the figures: over the past two years, steel output has grown by 22%, coal concentrate production by 26%, and iron ore production by 32%. Production costs have fallen by 28%, while the range of steel grades has expanded from 260 to 350. The Head of State positively assessed the company’s progress and supported its development plan.
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