Cement News tagged under: Trading
Cement majors ignore official warnings12 June 2006, Published under Cement NewsCement prices are likely to go up by Rs 3-Rs 5 from Saturday onwards in Mumbai, India, according to reliable sources. The move comes a month after cement manufacturers assured Union commerce minister Kamal Nath on May 15 that they will not hike prices further. This is the fifth time in the last six months that cement prices are going up in Mumbai, India’s largest cement market. Cement was selling around Rs 175-Rs 190 in January, while at present it is selling at around Rs 225-Rs 240 for a ... |
Government to meet with representatives, Turkey05 June 2006, Published under Cement NewsIndustry Minister Ali Coşkun said that following their meeting with representatives of cement sector he would meet with representatives from ready-mixed concrete and steel sector next week. Increases in cement prices, which also increased housing prices made the government take action and during meetings it was decided that prices wouldn’t be increased if not necessary. Addressing a press conference with Competition Board Chairman Mustafa Parlak, Coşkun said that price increases in the ceme... |
Cement to arrive by June02 June 2006, Published under Cement NewsSome 70,000 tonnes of cement are expected to arrive in the island of Jamaica by June for distribution by six private sector companies, in an effort to relieve the slump in the construction industry caused by a shortage of the product. Information Minister, Senator Colin Campbell, who made the disclosure during a post Cabinet press briefing at Jamaica House in Kingston on Monday (May 29), told journalists that the additional 70,000 tonnes would be brought into the island by Caribbean Cement ... |
Cement export to Afghanistan in full swing02 June 2006, Published under Cement NewsCement exports to Afghanistan from Pakistan is in full swing despite withdrawal of concessions by the government as figures climbed to 150,000t in May. The government had allowed Rs 1250 per tonne subsidy on cement export, which includes Rs 750 Central Excise Duty (CED), 15 percent GST and Rs 25 per tonne on packing material. It was later withdrawn in the light of ECC decision to discourage export. But the manufacturers, who have serious differences within their ranks over printing of price... |
UAE quashes move by local firms to raise cement prices02 June 2006, Published under Cement NewsThe United Arab Emirates (UAE)’s Ministry of Economy has overturned a decision by cement factories to increase cement prices by Dhs 10 (US$2.70) per tonne from June 1. In a statement carried by the official Emirates News Agency, WAM, Abdullah Bin Ahmed Al Saleh, a ministry official, said: "The ministry has moved swiftly to overturn the recent decision by cement factories to increase prices by Dhs 10 per tonne." Saleh said there should be no unified prices for cement, as this would cause ins... |
Cement prices jump in Grenada01 June 2006, Published under Cement NewsThe construction industry in the Caribbean island of Grenada will be hit by an almost 30 per cent increase in the price of cement as soon as the next shipment arrives, reports Caribbean Net News (May 8, 2006). Trinidad Cement Ltd (TCL), the main supplier here, announced the price adjustment, saying it was due to the rising cost of inputs, in particular fuel costs and the cost of procuring clinker. |
Cement price fixed at RD$12531 May 2006, Published under Cement NewsFollowing a six-hour meeting, the Dominican Republic government and cement producers agreed to establish the consumer price per bag at RD$125. This, price “reduction” comes about after a ‘price war’ among producers, by which the cement bag rose from RD$85 to RD$150 this past week. It was now decided to temporarily lower the price per bag to RD$125. Amelia Reyes, from the Association of Cement Producers, disclosed that the entity agreed with the government to lower from RD$130 to RD$105 pe... |
Duty-free import of cement to continue30 May 2006, Published under Cement NewsThe Pakistan government on Monday decided to continue with the policy of duty-free and subsidised cement imports in view of ‘failure of cement manufacturers to honour their commitments’. This was stated by economic advisor Dr Ashfaq Hassan Khan after a meeting of the Economic Coordination Committee (ECC) of the cabinet presided over by Prime Minister Shaukat Aziz. Mr Khan said it had now been established that the cement price hike was unjustified but said no punitive action was considered a... |
Cement factories to stabilise local market price30 May 2006, Published under Cement NewsCement producers on the Dominican Republic today will try to reach an agreement with Industry and Commerce authorities, in pursuit of establishing a “price of equilibrium” in order to recuperate accumulated loss. A price war, unleashed by initiative of one of the manufacturers, took prices down below production costs. But this marketing strategy was suddenly discontinued, and now prices have increased more than 75 per cent. Intentions are to place the cement bag within a price range betw... |
Ministry blocks cement price increase30 May 2006, Published under Cement NewsThe UAE Ministry of Economy has overturned a decision by cement factories to increase prices by Dh10 per tonne from June 1. "The ministry has moved swiftly to overturn the recent decision by cement factories to increase prices by Dh10 per tonne. We have contacted representatives of these companies and made it clear that no unnecessary hike in prices will be allowed," a top ministry official said. He there should be no unified prices for cement, as this would cause instability in the local ... |