【SMM Steel】Kazakhstan & China to build $1.2bn steel mill

Published: Apr 10, 2026 17:03

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【SMM Steel】Kazakhstan and China agreed to build a $1.2bn steel mill in Kazakhstan with China's Fujian Hengwang Investment. The mill will have up to 3 Mt/y capacity, create ~2,500 jobs, and serve domestic/export markets. It will use Kazakh gas and iron ore to produce wire, rebar, pipe steel, angles, and sections. The first phase of 1 Mt/y is planned for completion in 2027.

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