Cement News tagged under: Trading
Vietnam to inspect price hike requests01 April 2005, Published under Cement NewsThe Government has instructed the ministries of Trade, Finance and Industry to jointly inspect the Vietnam Coal Corp. (Vinacoal), Vietnam Steel Corp. (VSC) and Vietnam Cement Corp. (VNCC) following repeated requests from the three State-owned giants to raise selling prices. The instruction, which was released in official letter No.1521/VPCP, said any price hike will have a knock-on effect to the economy as coal, steel and cement are the country’s key economic input factors. Vinacoal a... |
Cement prices seen to stabilise01 April 2005, Published under Cement NewsRepublic Cement Group of Companies forecast of stable cement prices in The Philippines for the first half of the year due to improved production efficiencies and favorable peso-dollar exchange rate cushioning the impact of higher inflation. Republic Cement president Juan Miguel Montinola said these favourable developments have enabled companies to absorb the effect of inflation (eight per cent) and prevent them from raising prices during the summer months, the peak of construction activities... |
Who to blame for higher prices?29 March 2005, Published under Cement NewsImporters of cement and major distributors of the local Nigerian production have been fingered as responsible for the latest increase in the retail price of the commodity. Nigerians were jolted last week by the sudden hike in the unit price of cement, which rose from an average price of N1000 to N1400. The dealers on the other hand blame the development on a shortfall in local production. Investigation by Business Champion however revealed that the local manufacturers of the product, i... |
Cement prices spurt29 March 2005, Published under Cement NewsThe price of cement in India increased by 9-9.5 per cent during Apr-Jan 2004-2005 compared to Apr-Jan 2003-3004 due to higher demand that was driven by infrastructure and housing boom, coupled with a higher capacity utilisation across most operators. Cement price in the country ruled at Rs160-170 up to May 2004 and after a fall during the monsoons, picked up to reach Rs140-170, depending on the region. |
Egyptian cement output29 March 2005, Published under Cement NewsEgypt’s cement output fell to 1.849Mt in November 2004 from 2.352Mt in October 2004, the Central Bank of Egypt (CBE) said in a report. Production of clinker inched up to 2.896Mt in November 2004 from 2.876Mt in the previous month. Local cement sales decreased to 1.475Mt in November 2004 from 1.764Mt in October 2004, while cement exports dropped to 272,000t from 490,000t. |
DTI probing high cement prices23 March 2005, Published under Cement NewsThe Philippine Department of Trade and Industry has launched an investigation to determine whether the continuous increase in the prices of cement is justified. The move followed calls by Senator Manuel Roxas II last week for DTI to explain the rising cost of cement and the possibility of removing safeguards on imported cement. Roxas asked DTI to review the current cement safeguard of P15.60 per 40kg bag of imported cement in the wake of the 20 per cent rise in local cement prices. T... |
Cement prices soar to as high as P170/bag22 March 2005, Published under Cement NewsPhilippine cement prices continue to rise, hitting as high as P170 per bag in the tiny province of Siquijor. According to the Department of Trade and Industry it is "closely coordinating with its regional and provincial offices nationwide in monitoring the trends in cement prices to appropriately respond to any unusual price increases, especially during the summer months where peak demand for cement is historically noted." The DTI reported that the prevailing average retail prices of gra... |
Cement, steel prices now stable21 March 2005, Published under Cement NewsUAE steel and cement prices are stable, and off their recent highs, reported Gulf News. Cement is presently Dhs257 per tonne, down 15 per cent on four months ago. Steel is 10 per cent cheaper than four months ago at Dhs1700 per tonne. But these are still the highest price levels in the GCC. |
Titan America plans cement terminal expansion21 March 2005, Published under Cement NewsTitan America LLC will spend US$15m adding to its cement terminal at the Port of Tampa, the company announced Friday. Titan plans to build a facility for slag grinding, in which the residue from steel manufacturing is incorporated into cement products. The resource is expected to be available for delivery by 2007. The facility will serve customers within the Ocala, Orlando and Naples areas, Hardy Johnson, president of Titan America Florida said in a media release. Titan America, a cement and... |
Cement carrier detained again18 March 2005, Published under Cement NewsA cement carrier operated by Norway’s Kristian Gerhard Jebsen that was detained in the US for security failings on the first day the new law came into effect has been held again. The Danish-flag, 27,100dwt Cozumel Cement (built 1984) was detained in Port Canaveral, Florida, on 26 January after four stowaways from Colombia were discovered. On 1 July last year, when the International Ship and Port Facility Security Code (ISPS) came into effect worldwide, the same ship was one of several held ... |