Tokayev visits Qarmet steel plant in Temirtau, Karaganda region

Kazakh President Kassym-Jomart Tokayev visited the Qarmet metallurgical plant in Temirtau, Karaganda region, on a working trip. The head of state was briefed on the construction of new coke batteries, the modernisation of steelmaking and the building of a modern rolling complex. He met with metallurgists and stressed the importance of occupational safety and the social responsibility of business.

Upgrades at the plant until 2028 are budgeted at $3.5 billion. Tokayev was told that, thanks to cost optimisation and attracting investment, Qarmet has returned to net profit after past multibillion-dollar losses. The company's revenue last year reached 1.1 trillion tenge. Across the country, about 6.5 trillion tenge is planned for infrastructure renewal until the end of 2029.

The plant's three converters can produce up to 4 million tonnes of liquid steel a year, and two of them were fully renovated in 2024. Coke batteries No. 8 and No. 9 are expected to produce 1.5 million tonnes of dry coke a year. The President also presented state awards to workers at the plant.