Kazakhstan’s leading steel producer Qarmet has announced impressive results for 2024 and outlined ambitious plans for the coming year. The company, formerly known as ArcelorMittal Temirtau, demonstrated significant growth across all its major departments.
Steel Department: Five-Year Production Record
The company’s Steel Department posted a production volume of 3.5 million tons, marking a notable 16% increase compared to the previous period. May 2024 saw a production peak of 330,000 tons, the highest in five years, showcasing the department’s efficiency and growth trajectory.
Coal Department: Solid Gains
The Coal Department mined 6.6 million tons of coal in 2024, reflecting an 8.2% increase from the prior period. This consistent growth underscores Qarmet’s strategic focus on optimizing operations and meeting market demands.
Iron Ore Department: Leading the Charge
2024 was a standout year for the Iron Ore Department, which achieved a production volume of 3.3 million tons—an impressive 23% surge compared to the previous period. This sharp growth highlights the department’s strong operational performance.
Environment & Safety: Significant Progress
Qarmet’s commitment to sustainability was evident in its ecological and safety initiatives. Preliminary degassing of mines in 2024 resulted in a 50% reduction in methane gas levels, emphasizing the company’s focus on environmental responsibility and worker safety.
Ambitious Goals for 2025
Qarmet aims to build on its 2024 successes by achieving a 5% increase in production across steel, coal, and iron ore.
The targets for 2025 are:
- Steel: 3.7 million tons
- Coal: 7.0 million tons
- Iron Ore: 3.5 million tons
With a strong foundation and ambitious plans, Qarmet is poised for continued growth and leadership in its sectors, combining operational excellence with a commitment to sustainability and innovation.
