Kazakhstan:supply forecast

摘要

Slowdown of economic activity in the country leads to lower consumption of flats this year. Dueto lasting tenge devaluation, ArcelorMittal Temirtau strengthened its positions in all productsegments. In 2019, recovery of solvent demand and governmental stimulation of constructionwill support the market. Kazakh exports go down amid weakening demand in the global market,restrictive measures taken by Europe and the USA and economic blockade of Iran.Due to a serious accident at ArcelorMittal Temirtau on November 10, the producer has to cutflats production until end-November. To deliver booked tonnages, the steelmaker will raiseproduction in December-January. Imports are unlikely to increase significantly on the back ofweak domestic demand during the low season.