UPDATE 1-Steppe Cement Q3 revenue up 11 pct

* Q3 rev up 11 pct at 3.08 bln tenge

* Says cost control measures show progress

* Raises 2009 cement market estimate 6.7 pct (Adds details)

Oct 30 (Reuters) - Malaysia's Steppe Cement Ltd (STCM.L) posted an 11 percent rise in third-quarter revenue to 3.08 billion tenge ($20.5 million) and increased its estimate for the cement market for 2009.

The producer of cement in Kazakhstan said cost control measures continued to show progress.

For the third-quarter ended Sept. 30, sales volume rose 35 percent to 286,896 tonnes, the company said in a statement.

Steppe Cement increased its 2009 cement market estimate to 4.8 million tonnes from 4.5 million tonnes.

Total cement market in 2008 was 5.7 million tonnes, the company said. ($1=150.74 tenge) (Reporting by Shivani Singh in Bangalore; Editing by Himani Sarkar)