Cement News tagged under: Trading
Cement imports: Ports agree to forgo rentals till clearance26 April 2007, Published under Cement NewsThe Government’s effort to cool down cement prices is gradually paying off, with 525t of the commodity landing in Mumbai and port authorities joining in the efforts to contain inflation by agreeing to forgo rentals till the consignment gets quality clearance. The first consignment of 200t landed within days of the government bringing down the countervailing duty to zero. The customs duty on cement has already been removed. "Two more batches of 325t of cement have landed at the port and are... |
Compulsory Indonesian National Standard for Cement Starting to Take into Effect; Import of Cement Tightened24 April 2007, Published under Cement NewsThe government has tightened the import of cement following the application of compulsory Indonesian National Standard (SNI) for the commodity as stated in the Minister of Industry Regulation No. 35/M-IND/PER/4/2007 on Application of Compulsory Indonesian National Standard for Cement dated April 17, 2007. The compulsory Indonesian National Standard for Cement is applied to six types of cement, namely White Portland cement with HS (Harmonized System) Number 2523.21.00.00, Portland Pozola... |
Cement imports eyed to keep local prices down, Vietnam23 April 2007, Published under Cement NewsCement prices in the country are considered more expensive when compared to neighboring countries, prompting Trade and Industry Secretary Peter Favila to encourage cement users to buy overseas given that those are cheaper than the ones produced here. "I told BOI (Board of Investments) to find out from contractors what’s keeping them from importing. They are complaining about the cost of cement. What we are saying is you can import on your own," he explained. According to Favila, anybody ca... |
Turkey’s Akcansa seeks 230,000t Jun-Sep coal18 April 2007, Published under Cement NewsTurkish cement maker Akcansa is tendering for 230,000t of coal for delivery between June and September, traders said. Akcansa is expected to buy Russian coal, shipped in small vessels of 20,000-25,000 dwt. The offer deadline is Wednesday, April 18. |
Govt urged to slash duty on cement17 April 2007, Published under Cement NewsThe Cement Manufacturers Association of India has said that the government should reduce the duty structure on cement so as to make it more affordable for the consumer. The duty at present is 70% on the ex-factory price, something that has taken the price of premium quality of cement to Rs200 plus per bag. According to HM Bangur, vice-president, Cement Manufacturers Association, "It seems as if the government treats cement like a luxury product, without realising that it is a necessity. To... |
Mexico: Cement exports leave a little to be desired17 April 2007, Published under Cement NewsAt the end of last month, it was seen that Mexican cement groups had failed to fill the export quotas allowed these days on trade with the US since demand from the US construction industry is down. The end of March was also the end of the first annual period within a three-year 3% import duty deal on a maximum of 3Mt of Mexican cement. Every firm offered its own quota will have fallen roughly 10% short, according to Manuel Milan, director-general of Grupo Cementos de Chihuahua. The US h... |
Cement imports from Pakistan may not impact retail costs’16 April 2007, Published under Cement NewsThe import of cement from Pakistan may not bring in much relief in the retail price across different regions of the country and may fail to improve the supply scenario in a significant manner, according to industry observers. "The first consignment from Pakistan-based Lucky Cements reached Mumbai at a port price of Rs 155 per bag and was stopped there for clearance from the Bureau of Indian Standards (BIS). But when it comes out and reaches retail markets, the price would not be cheaper... |
Cement importation sought, Philippines16 April 2007, Published under Cement NewsSince there is no more local cement industry to speak of, Councilor Peter Laviña is pushing for the importation of cement to help increase supply and lower its prices. In an email, Laviña said the cement industry in the country is now in the hands of foreign companies like Holcim, Lafarge and Cemex and as such there is no local cement industry to protect from foreign competition. He said cement prices are priced at P170 to P180 per 40-kilo bags in hardware stores, thus the government shoul... |
India detains Pakistan’s cement consignments10 April 2007, Published under Cement NewsPakistan’s cement exporters are in a fix as Indian authorities have detained their consignments of around 5,000t cement and are demanding unnecessary documents from them, exporters told Business Recorder on Friday. They said that Indian authorities, a few days back, have detained Pakistan’s cement consignments on arrival at the Nhava Sheva port on the pretext of having not obtained ’quality certificate’ from the Bureau of Indian Standards (BIS). "The Indian authorities had detained o... |
Indian cement - impact on removal of CVD and SAD04 April 2007, Published under Cement NewsThe Government’s latest move to scrap CVD and additional SAD is expected to dent cement manufacturers’ pricing power. The Government’s latest move to scrap CVD and additional SAD is expected to dent cement manufacturers’ pricing power. Government has been taking series of measures to make cement cheaper in the country from January, like removal of customs duty on Portland cement, bringing dual excise duty structure and asking the cement manufacturers to reduce prices. The cement producer... |