Cement News tagged under: Trading
Iran bans cement exports15 May 2007, Published under Cement NewsExports of cement from the mainland are banned, Deputy Economy Minister for Commercial Affairs Mehdi Ghazanfari announced, MNA reported. Based on an agreement earlier reached between cement producing companies and the ministries of economy and industries & mines, parts of the revenues earned from cement exports were to be spent on the purchase of clinker - the principal raw material used in cement production- and in the building of new cement production factories, the official said. ... |
MCA forms body to monitor cement prices, Pakistan15 May 2007, Published under Cement NewsThe Monopoly Control Authority (MCA) is disappointed over the poor response of stakeholders in proving manipulation in the cement sector, which resulted in abrupt fluctuation in the cement prices. According to the MCA announcement on Monday, the authority had constituted a committee to look into the abrupt fluctuation in the cement price in March this year. The authority considered it relevant to involve the stakeholders in this exercise, as such it invited the views from stakeholder... |
Pakistan’s Lucky Cement plans shipments to India10 May 2007, Published under Cement NewsLucky Cement, Pakistan’s biggest maker of building material plans to ship 200,000t of cement to India in the next 12 months to take advantage of a supply shortage in South Asia’s biggest economy. “A team from the Bureau of Indian Standards will visit our plant soon to conduct a quality control test required by the government before allowing imports,” Abdul Razzaq Thaplawala, executive director at Lucky Cement said. Pakistan’s cement exports doubled in the 10 months ended 30 April, because ... |
China’s Cement Exports Drop in Q110 May 2007, Published under Cement NewsAccording to news released by the Chinese Development and Reform Commission on May 8th, China’s export tax rebate policy met early success. China exported 7.72Mt of cement and clinker in the first quarter of 2007, down one per cent YoY. The average offshore export prices of both cement and clinker increased year-on-year in the first quarter of 2007. China’s cement exports accounted for less than three per cent of the country’s total output. China exported cement mainly to the Middle East, th... |
CeMAP argues against cut in tariffs on imported cement09 May 2007, Published under Cement NewsPhilippine cement manufacturers, backed by the Bureau of Customs (BoC), yesterday argued to the Tariff Commission that imported cement is undervalued and is hurting the local industry. This, as the Tariff Commission yesterday started public hearings on a Palace-backed move to eliminate tariffs on imported cement due to increases in prices of locally produced cement since 2004. Cement Manufacturers Association of the Philippines (CeMAP) President Ernesto M. Ordonez said the governmen... |
India replaces tariff on cement03 May 2007, Published under Cement NewsIndian Finance Minister P. Chidambaram on Thursday scrapped an additional excise tariff on cement sold at a retail price of more than INR190 a bag. "For cement sold for more than INR190 per bag, instead of a specific (excise) rate, we are introducing an ad valorem rate of duty at 12% of the retail sales price," Chidambaram told lawmakers of the lower house of Parliament, while seeking their approval for the current fiscal year’s federal budget. Chidambaram added that this would result in a... |
Bangladesh Shipping - Chittagong Port03 May 2007, Published under Cement NewsFollowing is the berthing schedule of major vessels loading and unloading at Chittagong port. Cement clinker: Antares unload Slag: Banglar Urmi unload |
Ghana: call for fairer trade practices30 April 2007, Published under Cement NewsThe former Press Secretary to the President and a New Patriotic Party presidential aspirant, Kwabena Agyei Agyepong, has made a passionate appeal for the creation of a department of fair trade under the Ministry of Trade to ensure that companies operating in the country do not cheat their customers by charging exorbitant prices. Mr Agyepong’s demand comes in the wake of his crusade against the duopoly of Ghana Cement (GHACEM) and Diamond Cement, as well as the prohibitive prices th... |
Can Pakistani imports solve India’s supply problems?30 April 2007, Published under Cement NewsCement is an important ingredient of the construction sector. With the country in the midst of an infrastructure boom, including the real estate sector, the demand for cement has grown manifolds. The government has done away with the countervailing duty of 16 per cent and additional duty of four per cent on cement imports on its part. The import cut means that the landed cost of imported cement should now fall by about Rs 30 to around Rs 215 per 50-kg bag, much lower than the overall nationa... |
Logic behind under-utilising cement capacity30 April 2007, Published under Cement NewsThe Pakistani cement sector is underutilising its expanded capacity by a great margin in order to prevent a supply glut and a likely price plunge, dealers said. They said the cement sector had a capacity of produc ng 21Mt annually before the manufacturers began expansion projects more than one and a half years ago. Although their capacity has now risen to over 32Mt, their sales including exports stood at 17.48Mt in the first nine months of the current fiscal. If they continued with their cur... |