{"url":"https://newsforagent.com/news/2026-10-16/steppe-cement-q3-2026-revenue-price-rise","markdown_url":"https://newsforagent.com/news/2026-10-16/steppe-cement-q3-2026-revenue-price-rise.md","title":"Steppe Cement Q3 Revenue Up 19% on 28% Price Rise","headline":"Steppe Cement Posts KZT 21,824 Million Q3 Revenue as Prices Climb 28%","description":"Steppe Cement's Q3 2026 revenue rose 19% to KZT 21,824 million as a 28% price increase offset a 6.5% volume drop.","section":"Earnings & Results","published_at":"2026-10-16T10:16:12+00:00","modified_at":"2026-10-16T10:16:12+00:00","author":"News Desk","key_takeaways":["Steppe Cement reported Q3 2026 revenue of KZT 21,824 million, 19% higher than the KZT 18,284 million recorded in Q3 2025.","Nine-month revenue reached KZT 51,321 million, a 32% increase, on sales of 1.63 million tonnes versus 1.55 million tonnes in 2025.","The company expects a full-year market share of approximately 14% in a Kazakh market projected at around 14.5 million tonnes."],"companies":[{"name":"Steppe Cement","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003iuc9/steppe-cement","website":"http://www.steppecement.com"}],"source":{"publisher":"TradingView","title":"REG - Steppe Cement Ltd - Trading Update for Q3 2026","url":"https://www.tradingview.com/news/reuters.com,2026-10-16:newsml_RSP3210Za:0-reg-steppe-cement-ltd-trading-update-for-q3-2026/"},"other_sources":[{"publisher":"Business News Today","url":"https://www.moneycontrol.com/news/business/buy-jk-cement-target-of-rs-5960-motilal-oswal-14051607.html"},{"publisher":"Business News Today","url":"https://www.moneycontrol.com/news/business/stocks/nomura-remains-constructive-on-cement-sector-sees-pricing-recovery-names-ultratech-dalmia-bharat-top-picks-14045578.html"},{"publisher":"Simply Wall St","url":"https://simplywall.st/stocks/in/materials/bse-500425/ambuja-cements-shares/news/what-has-the-market-misjudged-about-ambuja-cements"}],"tags":["Earnings & Results","Steppe Cement"],"body_markdown":"[Steppe Cement](https://akta.pro/company-profiles/003iuc9/steppe-cement) reported revenue of KZT 21,824 million for the third quarter ended September 30, 2026, 19% higher than the KZT 18,284 million recorded a year earlier, as a 28% price increase outweighed a 6.5% drop in volume. The [TradingView](https://www.tradingview.com/news/reuters.com,2026-10-16:newsml_RSP3210Za:0-reg-steppe-cement-ltd-trading-update-for-q3-2026/)-published update put nine-month revenue at KZT 51,321 million, up 32%.\n\n## Steppe Cement's Q3 2026 Revenue and Pricing\n\nThe AIM-listed producer, which makes cement and clinker in Kazakhstan through two wholly-owned subsidiaries operating a 2 million-tonne dry-kiln facility in Karaganda, said the quarterly revenue gain came from the appreciation of the Kazakh tenge and the 28% rise in the KZT price of products sold, which exceeded the inflation rate. Nine-month sales volume totalled 1.63 million tonnes against 1.55 million tonnes in 2025. The average delivered cement price ex-VAT was KZT 31,523 per tonne in the first nine months, compared with KZT 25,145 a year earlier, an increase of 25% in tenge and 36% in US dollar terms as the tenge appreciated about 9% against the dollar, from 520 to 478 KZT/USD. The company said its expansion project continues on time and on budget with funding in place.\n\n## Steppe Cement's Clinker Line Upgrade\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Steppe Cement announced a $35 million clinker line upgrade to lift cement production capacity from 2 million tonnes to 2.5 million tonnes, with completion targeted for summer 2027 and $25 million in debt funding secured. The same records show revenue of KZT 52,375 million, about $100 million, for the year ended December 31, 2025, a 33% increase from the previous year, and domestic cement sales volume of 2.07 million tonnes, a 21% increase. Javier del Ser Perez became Executive Chairman in January 2026, with Piotr Durnev named Chief Executive Officer.\n\n## Cement Sector Peers in Focus\n\nMotilal Oswal reiterated a BUY rating on JK Cement with a target price of INR5,960, citing capacity expansion to 40-50mtpa by FY28/FY30, [Business News Today](https://www.moneycontrol.com/news/business/buy-jk-cement-target-of-rs-5960-motilal-oswal-14051607.html) reported on October 14, 2026. Nomura kept a constructive view on the cement sector and named UltraTech Cement and Dalmia Bharat as top picks, with pan-India trade prices up about Rs10 per bag month-on-month in September, [Business News Today](https://www.moneycontrol.com/news/business/stocks/nomura-remains-constructive-on-cement-sector-sees-pricing-recovery-names-ultratech-dalmia-bharat-top-picks-14045578.html) reported on October 6, 2026. [Simply Wall St](https://simplywall.st/stocks/in/materials/bse-500425/ambuja-cements-shares/news/what-has-the-market-misjudged-about-ambuja-cements) reported on October 6, 2026 that Ambuja Cements shares fell 36.2% over the past year, with Q1 2027 revenue at ₹95,000m and net income at ₹5,770m.\n\n## Steppe Cement's Full-Year Market Outlook\n\nSteppe Cement said Kazakhstan's domestic cement market reached 11.2 million tonnes in the first nine months of 2026, in line with 2025, with imports at 8.1% of domestic consumption and exports close to 1.0 million tonnes. Full-year domestic demand is projected at around 14.5 million tonnes, broadly unchanged from 2025, and the company expects a market share of approximately 14% for the year.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}