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Kazakhstan to export rail and structural steel products

Business Materials 19 July 2016 19:08 (UTC +04:00)
Kazakhstan’s Aktobe rail and structural steel mill plans to manufacture around 100,000 tons of rail products, said the country’s Development Bank which has financed the project for the mill’s construction.
Kazakhstan to export rail and structural steel products

Baku, Azerbaijan, July 19
By Elena Kosolapova - Trend:

Kazakhstan’s Aktobe rail and structural steel mill plans to manufacture around 100,000 tons of rail products, said the country’s Development Bank which has financed the project for the mill’s construction.

Over 70 percent of this volume will be used to cover the needs of Kazakhstan railways, while its 30 percent will be exported to neighboring countries, according to the bank’s message.

“It is planned to export 13,000 tons of products to Uzbekistan, 5,000 tons to Tajikistan and Belarus each, 4,700 tons to Georgia and 1,000 tons to Kyrgyzstan,” said the bank.

The mill manufactured 8,000 tons of rail products from early 2016 to July 7 and 6,500 tons of this volume worth 1.3 billion tenges (339 tenges = $1) was shipped to the domestic market.

It is planned to produce large-size structural shapes at the mill in 2017.

After starting to operate at full design capacity in 2018, the plant will produce a total of 430,000 tons of rolled products, including 200,000 tons of thermostrengthened lengthy (up to 120 meters) rails for high-speed lines.

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