Cement News tagged under: Trading

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A promising start to the new year in Pakistan

05 January 2021, Published under Cement News

The cement industry in Pakistan kicked off the FY20-21 on an exciting note. During the first six months of the current fiscal year, total cement dispatches grew by 15.7 per cent, from 24.751Mt in July-December 2019, to 28.628Mt in July-December 2020. Local dispatches have increased by 15.9 per cent in July-December 2020 to 23.61Mt from 20.373Mt in July-December 2019. Exports also increased from 4.377Mt in July-December 2019 to 5.017Mt in July-December 2020, showing a growth of 14.6 per cent....

Philippine Tariff Commission questions DTI's October import duty rise

30 December 2020, Published under Cement News

The Tariff Commission, in the Philippines, has questioned the decision of the Department of Trade and Industry (DTI) to increase the definitive safeguard duty on imported cement by PHP0.80 to PHP9.80/40kg bag (US$0.016-0.23/40kg bag) starting in October 2020. Ernesto Albano said the three-year schedule of safeguard tariff implementation should be followed according to the law. The safeguard tariff was supposed to drop from PHP10/40kg bag in the first year of implementation to PHP9/bag in ...

Annaba port exports 300,000t clinker in 2020

28 December 2020, Published under Cement News

The port of Annaba in Algeria has exported 300,000t of clinker to several African countries since the start of 2020. Furthermore, by improving port services and supporting exporters through a modern logistics service, the port plans to increase the volume of clinker exports in 2021. The port company plans to build covered spaces for the storage of export clinker and acquire modern loading and unloading equipment with a capacity of 1800tph. Exporters plan to export around 900,000t of cl...

Pakistan look to resume cement exports to South Africa

16 December 2020, Published under Cement News

Pakistan's Intermarket Securities Ltd has reported that cement manufacturers are hopeful that exports to South African might resume soon as anti-dumping duties expire on 17 December 2020. Earlier, the International Trade Administration Commission (ITAC) of South Africa has issued a notice announcing the start of a review on the anti-dumping duties as their five-year term is set to expire.   South Africa's anti-dumping duties, which range from 14-77 per cent, were imposed in 2015 on Paki...

Hail Cement to repay outstanding loan amount

16 December 2020, Published under Cement News

Hail Cement said its Board of Directors decided on 15 December 2020, to pay early and in full the balance amount of the loan from the Saudi Industrial Development Fund (SIDF). The amount of SAR152m (US$40.53m) is what is left from the original loan amount of SAR300m. A total of SAR148mis has already been repaid, the firm said in a statement.  The financial impact will be reflected in the statements for the year ending 31 December 2020.

DTI reviews cement import duty

08 December 2020, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) has ordered that, for the second year of the three-year implementation period of the safeguard measure against imported cement, a PHP9.80 (US$0.2) duty will be imposed on every 40kg bag of imported cement or PHP245/t. The second-year duty covers cement imports from various countries from 22 October 2020 to 21 October 2021, according to the Manila Bulletin. For the first year, the DTI imposed a safeguard duty of PHP10/40kg bag and ...

Pakistan shows healthy dispatches in November 2020

07 December 2020, Published under Cement News

Pakistan's cement industry dispatched 4.508Mt domestically and overseas in November 2020, recording a growth of 4.2 per cent on a YoY basis, according to the All Pakistan Cement Manufacturers Association (APCMA).   Out of the total dispatches, the local share increased by 6.3 per cent to 3.742Mt from 3.521Mt in November 2019, while exports registered a reduction of five per cent to 766,273t from 806,521t. This was the first instance of decreasing exports during the current fiscal. ...

Cement export revenue falls during 5MFY20-21 in Bangladesh

07 December 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$2.82m in the five-month period of July-November 2020 (5MFY20-21), compared to US$4.08m in the year-ago period, a fall of 30.9 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data.   The export value for cement decreased by 28.4 per cent, underperforming when compared with the government target set for the period. ...

Cement imports pile up at Karachi Port

02 December 2020, Published under Cement News

Cement is quickly building up at the entrance to Karachi Port, as many of the deep-draught berths at the port are currently occupied by wheat-importing vessels. Consequently, cement exporters are suffering huge financial losses from the costs incurred from detention, demurrage and delays to offloading their goods. In a letter to the maritime affairs minister, Power Cement CEO, Kashif Habib, stated that all three deep- draught berths available at Karachi Port are occupied. "Due to slow...

Turkish cement exports to Turkmenistan rise by 79% in 9M20

01 December 2020, Published under Cement News

Cement exports from Turkey to Turkmenistan increased by 79.1 per cent from January through September 2020, compared to the same period in 2019, amounting to US$14.8m, the Turkish Trade Ministry reported. In September 2020 cement exports from Turkey to Turkmenistan fell by 1.6 per cent compared to September 2019 and amounted to US$1.4m. In the same month,  Turkey exported US$344.6m worth of cement to world markets, which is 13.4 per cent more than in the same month of 2019. Over the...