Saudi ministry to probe cement price hikes

Saudi ministry to probe cement price hikes
Published: 03 May 2011

Saudi Arabia’s Ministry of Commerce and Industry will begin an investigation into the recent rise in cement prices across the Kingdom, it announced in a statement on Sunday.

The ministry will question the Kingdom’s factory representatives about why they have raised prices at a time when there is an estimated surplus of nine million tons of cement, the Saudi Gazette reported.

Reasons for the price hike have been varied, with some producers claiming increased demand had forced them to start new lines of production.