Kazakhstan’s President Kassym-Jomart Tokayev has been presented with Qarmet’s preliminary operating results for 2025 and the key priorities of its investment program. The company reported strong positive dynamics, with steel production increasing by 22 percent over two years, coal concentrate output rising by 26 percent, and iron ore concentrate production growing by 32 percent. Over the same period, production costs were reduced by 28 percent, while the number of steel grades produced expanded from 260 to 350.
Qarmet Chairman Andrey Lavrentyev reported on the implementation of nine major investment projects aimed at forming the country’s “steel framework” and reducing dependence on imported rolled metal products. The company is also expanding the production of new premium steel grades, including specialized products intended for the construction of nuclear power plants.
The president was briefed on development programs for Qarmet’s coal and mining divisions, with particular emphasis placed on occupational safety and social initiatives. The company is upgrading its own medical and educational facilities, and a new collective labor agreement has been signed with trade unions. The agreement provides enhanced social guarantees for Qarmet’s workforce of 35000 employees.
Tokayev was also informed about the creation of a large metallurgical cluster around Qarmet, enabling small and medium-sized enterprises to engage in deeper processing of raw materials. This initiative was launched jointly with the National Investment Holding Baiterek. In addition, Qarmet is carrying out systematic cooperation with machine-building plants to increase the use of domestically produced steel in manufacturing.
Following the meeting, the president gave a positive assessment of the company’s performance and endorsed Qarmet’s proposed development plan. He stressed the importance of continuing comprehensive modernization efforts, addressing social issues, improving the environmental situation, and further expanding machine-building production.
