The Prime Minister of Kazakhstan

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In 2016 Kazakhstan's metallurgy to grow by 2% - Issekeshev

15 June 2016, 16:19

In the republic in 2016, 2% growth is expected in the industry, Minister of Investment and Development of Kazakhstan Asset Issekeshev has announced today at VII International Mining and Metallurgy Congress “Astana Mining & Metallurgy - AMM 2016".

"At the end of 2016 we expect at least 2% growth in metallurgy, mining of metal ores - by 5%," Issekeshev said.

At the end of 5 months of the current year the volume of production in metallurgical industry increased by 8%. In particular, the volume of steel increased by 0.6%.

At the same time, he said, on the results of 5 months of the current year the volume of metal ores rose by 1%.


According to him, for 2015 the volume of production in metallurgical industry increased by more than 14%. As explained by the head of department, the growth is due to the implementation of more than 60 projects in the first five-year plan of industrialization, as well as the transition to a floating exchange rate, which made it possible to increase the competitiveness of Kazakhstan's metallurgical complex.

"There is a significant increase in physical volumes of production, especially in non-ferrous metallurgy. In the steel industry we managed to maintain the current level of production - more than 101%," the Minister explained.