Cement News tagged under: Trading

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Decision to waive off duty

11 August 2004, Published under Cement News

The UAE Cement Contractors Union has expressed a readiness to cooperate to restore stability to cement prices, in view of the fact that General Shaikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Minister of Defence recently exempted cement from tariffs and other equivalent fees for imports. Dr Ahmed Saif Belhasa, Chairman, Cement Contractors Union, said : "Recent move taken by Shaikh Mohammed is a very generous one and will support the contracting industry, the building and...

Duty waived

04 August 2004, Published under Cement News

Dubai Crown Prince General Sheikh Mohammed bin Rashid Al Maktoum has ordered the waiver of customs duty and storage fees on cement imported by Nakheel in a bid to keep cement prices down in the emirate. He praised the initiative by Nakheel as beneficial to the local community, reported Gulf News.

Cement market oversupply?

03 August 2004, Published under Cement News

Increased imports of cement have helped bring cement prices to a more rational level in the local UAE markets. But if the situation continues, it could cause the market to suffer from oversupply, industry officials warned. A number of traders have jumped into the cement business recently, primarily to cash in on the recent price hike in the market, Some traders are offering imported cement at Dh10-Dh12 per bag in the open market, which is putting pressure on local cement manufacturers who ha...

Pakistan’s cement export to Afghanistan

02 August 2004, Published under Cement News

Exports from Pakistan to Afghanistan have increased dramatically and are expected to touch an all-time high of 1.3Mt by the end of this financial year, DG Khan Cement said recently.

Iran To Import

29 July 2004, Published under Cement News

Iran will import the entire 1.5 million tonnes of cement that it has planned for the current Iranian year to March 31, 2005, Iranian Minister of Industries and Mines Eshaq Jahangiri said on July 27, 2004.  Jahangiri denied any disagreements between the ministry and the cement consuming industries, saying that cement imports in the country were delayed because of the unfavourable situation on global markets and the price fluctuations.  Iran, which produces 32 million tonnes of cement annually,...

Qatari QS makes certification for imported Cement obligatory

28 July 2004, Published under Cement News

The Qatar General Organization for Standards and Metrology (QS) has made obligatory the standard certifications for the cement imported into Qatar, it was reported on July 27, 2004.  Cement importers have to present the necessary standard certifications issued in the export countries at QS offices at Qatar’s land and sea border checkpoints. The imported cement must comply with the U.S., UK or other internationally recognised quality standards for cement due to the lack of Qatari own standard...

Nakheel to import cement

27 July 2004, Published under Cement News

The UAE Nakheel group is preparing to import cement in large quantities from Iran, Indonesia and Egypt and sell it directly to local contractors to beat price fixing, reported the Gulf News. Jebel Ali Port Authority will provide a quay to receive the vessels, said the UAE Contractors Association.

Cement prices stay firm on late rains, strong demand

26 July 2004, Published under Cement News

As against the usual trend of cement prices weakening in the monsoon season (June-September) by nearly 7-8% from its peak, in the current season, overall Indian prices are down by only two per cent so far.  Cement prices are least affected this time since ’99 when prices fell by only 0.8% during monsoons. The current national average price of Rs 147 per bag is nearly 10% higher than the same period last year.  Cement makers attribute this to a better supply-demand balance in the current seas...

26% duty on imported cement

21 July 2004, Published under Cement News

The anti-dumping and Subsidies Commission (ADSC) has made an affirmative final ruling in the Safeguard Investigation regarding imported building cement. The ADSC has recommended a definitive Safeguard measure in the amount of 25.83% duty on imported cement. This ruling is not only significant to Carib Cement but has positive implications for the manufacturing sector in Jamaica. Carib Cement’s General Manager, Anthony Haynes lauded the ADSC on its foresight and action in its application...

Cement prices drop after ministry intervention

19 July 2004, Published under Cement News

An official source from Omani Ministry of Commerce and Industry has said measures made recently by the ministry’s consumer production department to regulate export of local cement has succeeded in curbing the hike in cement prices.  He said regular follow-up reports received by the ministry indicated that cement prices in the Sultanate were less by 40 per cent when compared with prices prevailing in the wider region.  The official said cement price in the district of Nizwa currently stands a...