Cement News tagged under: Trading

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Gambling on more cement

18 June 2004, Published under Cement News

A report in the Las Vegas Sun newspaper suggests that the cement shortage that has affected different regions of the United States, including Southern Nevada, may abate slightly later this year. But local industry experts wonder whether the shortage will ease in Las Vegas and said continued price increases in cement, steel, and wood are beginning to add up. Signs of greater international shipping availability heighten the potential for cement imports to increase to some regions later this...

Cement Sales in Cyprus

17 June 2004, Published under Cement News

Cement sales in Cyprus accounted for 138,000 tonnes in May 2004, rising by 19.1 pct year-on-year and by 10 pct month-on-month, according to data provided by the island’s National Statistics Service, published on June 16, 2004.  Cement exports stood at 15,000 tonnes in May 2004.  A total of 610,231 tonnes of cement was sold in the first five months of 2004 compared to 513,542 tonnes in the same period of 2003. Representatives of the sector expect a shortage of cement to threaten the local cons...

Higher fuel prices

17 June 2004, Published under Cement News

Indian cement companies are gearing up for a price increase following the hike in domestic coal prices. While companies are still working out the price increase for various grades of coke, industry observers say that the impact is significant and coupled with the likely increase in freight rates on account of the hike in petroleum prices, a price hike in cement has become imminent. ACC, the manufacturer with the largest installed capacity, will see input prices going up by Rs 5 per bag. ...

Japan cement importer incurs P37.8 million in unpaid duties

16 June 2004, Published under Cement News

A Japanese cement importer who had questioned the Department of Trade and Industry’s decision to impose safeguard duties on imported cement before the Supreme Court has accumulated a total of P37.8m in unpaid duties and value-added taxes covering shipments from December 2001 to July 2003, Customs papers showed. Southern Cross Cement Corp. earlier refused to pay safeguard duties, arguing that its petition was still pending before the high tribunal. Documents indicated that Southern Ce...

Egypt export sales

15 June 2004, Published under Cement News

Egypt ranked second among cement exporters to Spain in 2003 with about 1.441Mt, it was reported on June 13, 2004.  Egypt was preceded only by Turkey and was followed by Greece, Saudi Arabia, Japan and Romania. The country also ranked sixth in terms of marble exports after Italy, Turkey, Portugal, Greece and India with exports of about 5Mt.  Egypt was fifth among the world’s cement exporters in 2003 with exports totalling 7.4Mt. The country was preceded by Thailand, Turkey, Indonesia and Japan...

Markets struggle

15 June 2004, Published under Cement News

While the first figures on the effects of Chinese government credit restriction measures are published showing a very light decrease of their industrial output, dry bulk markets are again badly suffering from a bearish trend and this time with no exception. The Cape market was particularly slow this week with little to report but always below previous levels. Panamaxes are struggling hard to find employment in the Atlantic while the Pacific hardly maintained last week situation. Handymaxes a...

Pakistan Steel exports slag to UAE

14 June 2004, Published under Cement News

Pakistan Steel exported 30,000t granulated slag to Sharjah UAE as raw material for cement industry, and another similar quantity of material would be shipped in next few days. A contract to export 10,000 tonnes coke breeze of 0-15 mm size to Malaysia, South Korea and Japan was signed on June 9, 2004. Additional 30,000 coke breeze was in pipeline for export through local firm global commodities, said Chairman Pakistan Steel Lt. General Abdul Qayyum (rtd) while addressing managerial staff Thurs...

Jordan Cement Factories

11 June 2004, Published under Cement News

Jordan Cement Factories Company (JCFC) has started works to restore the cement exports unit in Aqaba, southern Jordan, at the cost of over $1.0m, it was reported on June 10, 2004.  The company is targeting exports through the Aqaba Port to foreign markets and especially to markets in the Gulf Cooperation Council (GCC) countries, following the increased number of orders it has received, JCFC director general, Samir al-Bairaqtar, said in early June 2004. The company is also considering a campai...

Cement price manipulation?

11 June 2004, Published under Cement News

The Malaysian Ministry of Domestic Trade and Consumer Affairs will launch an investigation into allegations that the prices of cement are being manipulated by unscrupulous transporters and distributors.  Datuk Mohd Shafie Apdal This stems from a complaint by the Building Materials Distributors Association of Malaysia that manufacturers were losing some RM150 million annually due to the manipulation by a minority group. At a ministry-private sector dialogue session in Kuala Lumpur on June...

Cement orders from UAE continue

11 June 2004, Published under Cement News

Pakistani cement manufacturers say they continue to get import enquiries from companies in the UAE and Qatar.  ³Our cement consignments are going to UAE regularly and there is a demand of 2,000 tons per week,² said a source at Attock Cement. Daily Times had reported last week that Pakistani cement companies had been receiving export orders from the Dubai region on account of lower prices here. Analysts had said local companies will earn a profit of $50 per ton by exporting to the Dubai regio...