Abstract: This study reviews the metallurgical industry of Kazakhstan and the problems of reducing its cost-effectiveness. Analyzing the current situation in the industrial sector of Kazakhstan as well as based on international experience, the study examines the increasing economic efficiency of enterprises in the metallurgical industry through active innovation. The main conductor of the innovative development of the industry are the large enterprises have greater flexibility to market conditions and of high performance. In modern conditions given enterprises can become an alternative to enlargement of metallurgical production, increase its efficiency and to create conditions for the production of products with high added value. The study describes the advantages of these enterprises to the classic metal works given their technical and economic indicators, analyzes the global experience and the need for active development in Kazakhstan.