Egypt to ban cement exports, probe sector
Egypt’s trade ministry said yesterday it would ban cement exports for four months to stabilise local prices.
A statement from the ministry said it had also asked Egypt’s competition watchdog to investigate the cement sector’s competitive practices and activities over the past six months, the second such investigation into that sector.
The investigation by the Egyptian Competition Authority will look into the activities of all cement manufacturers and dealers and analyse the cement market, supply and demand, production capacities and competition in the sector.
Source: Reuters
Published under Cement News
