Chinese metallurgical company is set to build a major steel plant in Kazakhstan with an annual production capacity of up to 3 million tonnes. The project, valued at 1.2 billion dollars, is expected to create around 2500 jobs and supply both domestic and export markets.
The initiative was discussed during a visit by Kazakhstan’s Minister of Trade, , to China’s Fujian province, according to official sources. The project had previously been outlined in February 2025 following talks between Prime Minister and company chairman Zeng Zhaoqiang.
Construction of the metallurgical complex is planned in the Zhambyl region, with initial works originally scheduled to begin in April 2025. The first phase, expected to be completed by 2027, will deliver an annual output of 1 million tonnes of steel. Full production capacity of 3 million tonnes per year is targeted by 2029.
The plant will rely on locally sourced raw materials, including iron ore from deposits in the Ulytau, Karaganda, and Kostanay regions, as well as natural gas and lime. The project also предусматривает внедрение технологии прямого восстановления железа, что позволит повысить эффективность производства и снизить экологическую нагрузку.
The development reflects Kazakhstan’s broader strategy to expand domestic processing capacity and strengthen its position in global металлургические цепочки, while attracting foreign investment into industrial projects.
