Cement News tagged under: cement prices

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France leads European construction slowdown

23 June 2023, Published under Cement News

Financial analysts CIC-Market Solutions (CMS) forecasts a decline in European construction activity, especially in France where new property builds are expected to dip. "The property market, traditionally the first sector of the real economy to be affected by monetary tightening policies, is bearing the full brunt of the combined effect of rising interest rates and higher factor costs, as well as the government's half-hearted efforts to support activity," said the French analysts. "After the...

Sri Lanka raises import tax on cement

20 June 2023, Published under Cement News

The Sri Lankan government has increased the import tax (CESS) on imported cement. With effect from 17 June 2023, the import tax on 1kg of artificially coloured or uncoloured cement has risen from LKR3.00 to LKR5.00 (US$0.01-0.02). The import tax on 1kg of Portland cement in bags of 50kg or less has increased to LKR8.00. Meanwhile, the import tax on other Portland cement in bags over 50kg has advanced from LKR3.00 to LKR5.00, according to Colombo Page. 

Sri Lankan government urged to reduce bagged cement prices

23 May 2023, Published under Cement News

Sri Lankan cement customers are urging the government to make cement bag prices reasonable, given the appreciation of the local currency after the economic crisis in the country. Presently 50kg bag prices are hovering between LKR2500-2650 (US$8.14-8.63), according to company websites. The National Construction Association of Sri Lanka (NCASL) expressed concern over reducing a bag of cement by LKR150. It said this reduction was insufficient and the government should further reduce the cement...

Brazil bets on housing to revive the market

05 May 2023, Published under Cement News

The outlook for Brazil's cement market remains uncertain following weak first quarter volumes, with demand falling 1.1 per cent to 14.6Mt over the firhst three months. This follows a lacklustre performance in 2022, when annual demand fell 2.8 per cent to 62.6Mt. The Brazilian cement association, Syndicato Nacional Da Industria Do Cimento (SNIC), has revised down its expectations for 2023 demand, which it had previously indicated would enjoy growth by one per cent to 64Mt. A weakening o...

Saudi cement companies fined for price manipulation

14 April 2023, Published under Cement News

Saudi Arabia’s General Authority for Competition (GAC) has fined 14 cement companies a total of SAR140m (US$37.33m) for price manipulation activities. Each company has been found guilty of trying to manipulate Saudi’s cement market with price increases, resulting in a SAR10m fine each. According to the Saudi Gazette, the GAC received numerous complaints that several cement producers were collaborating to raise cement prices and share the local market between themselves. After collecti...

Indian cement volumes forecast to rise 6% in 4QFY22-23

12 April 2023, Published under Cement News

India’s cement sector is expected to see growth in the 4QFY22-23 of around six per cent YoY and 13 per cent QoQ, according to a new report by Antique Stock Broking Ltd (ABS). Industry volume is predicted to reach around 109Mta with a utilisation rate of 80 per cent in the 4QFY22-23. UltraTech Cement has already reported grey cement volumes of 30Mt, up 14 per cent YoY, implying a utilisation rate of 94 per cent on expanded capacities. The total cost per tonne of cement is forecas...

German cement prices rise again

23 March 2023, Published under Cement News

The German statistical office (Statistisches Bundesamt) has published the price index for manufactured goods where cement prices were up by 51.7 per cent in February 2022 YoY, and by 8.9 per cent MoM.   The EUR30/t increases decided in November by Heidelberg Materials , Lafarge ( Holcim ) and Schwenk Zement GmbH & Co KG and above all by Dyckerhoff GmbH ( Buzzi-Unicem ), which asked its clients for +EUR55/t to +EUR65/t are not unrelated to this movement, with the price of the carbon ...

Adbri successfully navigates challenging year

03 March 2023, Published under Cement News

Australia-based Adbri released its 2022 financial results this week and reported a YoY revenue increase of 8.4 per cent to AUD1.7bn (US$1142m). While the building materials producer celebrated 140 years of being in business last year, it turned out to be one of the most challenging years for the company with inflationary pressures and wet weather events. However, Adbri's sustainability path progressed and it was linked to the company's Net Zero Emissions Roadmap (NZER) from May 2022, while i...

Experts expect a fall in Pakistan’s cement dispatches

02 March 2023, Published under Cement News

Pakistan’s total cement industry dispatches in February 2023 are likely to reach 3.8-4Mt, down 8-12 per cent YoY with local dispatches expected to be down by 10-14 per cent YoY. However, deliveries are likely to remain more or less flat MoM despite fewer working days in February 2023 (28 days), which is likely due to the resumption of construction activities  after the winter. According to an assessment of Topline Securities, in the 8MFY22-23 (July 2022-February 2023), industry cement sal...

Gabon government issues cement price list

24 February 2023, Published under Cement News

Gabon’s government has published a price list for cement bags, fixing the price of cement in accordance with the decree signed on 17 February by the Minister in State in charge of Industrial Development, and their colleagues in Economy and Commerce. Order No 0001-23 sets the selling prices per tonne and per bag of CEM II 32.5 and CEM II 42.5 for delivery ex-factory, distributors and retails in all provincial capitals of Gabon. In Akanda, north of Libreville, CEM II 32.5 and CEM II 42.5 ex-...