Steppe Cement Ltd - cement producer in Kazakhstan - Sells 276,217 tonnes of cement for around $12.7 million in the first quarter of 2025, up from 175,383 tonnes for around $8.4 million a year ago. The growth was mostly due to favourable weather conditions, the company says. Looking ahead, Steppe Cement says: ‘The company maintains a conservative outlook for the 2025 market. Despite significant growth in the first quarter, rising inflation and global developments may have a considerable impact on the investment climate in Kazakhstan’s construction sector. The company currently estimates Kazakhstan’s cement market demand for 2025 to be approximately 12 million tonnes, similar to 2024.’

Current stock price: 16.00 pence each, up 14% on Tuesday afternoon in London

12-month change: down 11%

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