Cement News tagged under: cement prices

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Ministry ready to act on cement and clinker price rises

16 January 2023, Published under Cement News

The Turkish Ministry of Commerce stated that measures will be taken in Ankara, Anatolia region, to prevent cement and clinker price increases and to relieve domestic supply. The following statements were made in the written statement made by the Ministry: “These products were added to the 'List of Goods for Exports' on 4 September 2021, in order to closely monitor the exports of cement and clinker, which are used extensively in the construction industry, primarily to meet the domestic dem...

Cement Industries (Sabah) raises cement prices

11 January 2023, Published under Cement News

Cement Industries (Sabah) Sdn Bhd has increased the price of cement by 5-15 per cent effective from the 4 January 2023. The price hike was made after taking into consideration the rise of raw materials and freight shipping costs. Local media states that the price of cement in Sarawak and Peninsular Malaysia has increased dramatically in recent months. In Peninsular Malaysia, for example, the price of cement had risen 30 per cent last year, reports Borneo Post. Cement Industries (Sabah)...

South Korean producers set to hike cement prices

06 January 2023, Published under Cement News

South Korea’s major cement producers are implementing another hike in wholesale prices amid strengthening in the key ingredient bituminous coal and construction activity, adding woes to concrete mixers and builders.   According to multiple sources from the cement industry, the country’s top cement producer Ssangyong C&E has decided to raise the price of its top-grade bulk cement to KRW93,000/t (US$77.6/t) from next month. It would be an increase of 18 per cent from current KRW78,800/t....

Contract warning as Belgian cement prices continue to climb

23 December 2022, Published under Cement News

The price of cement and bricks in Belgium will continue to rise over the coming months, warned the country’s construction federation Embuild. Although some building materials are expected to see their prices stabilise going forward, Embuild is advising construction companies to continue to include price review clauses or daily prices in their contracts as “the materials market is still too volatile”, says Niko Demeester, managing director of Embuild.  Since the end of 2021, the price o...

Ghana cement prices rise again

25 October 2022, Published under Cement News

Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered massive inflation, causing the price of cement to increase by up to 10 per cent in a matter of weeks. The increase is expected to push up the cost of construction in the country, leading to a rise in real estate prices, according to YEN. With some of the raw materials used to make cement imported in dollars, Ghanaian pr...

Indian cement sector profitability to reach new highs in FY25

11 October 2022, Published under Cement News

India's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR).  The Indian stockbroking company cites in its latest report that companies in its coverage will see EBITDA/t rise from INR970/t (US$11.77/t) in FY23e to INR1320/t in the FY25e. Declining fuel costs by around 30 per cent from the peak, improved demand led by urban housing, and higher government infrastructure spending (up by eight per cent CAGR ...

Indian cement prices on the up

11 October 2022, Published under Cement News

September 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the country where prices advanced by 6.6 per cent, followed by a 1.9 per cent rise in the south, 1.3 per cent increase in the west, and a flat-to-marginal decline in north and central India, according to India Infoline News Service. The price rises follow four consecutive months of price cuts. Further pr...

Ghana raises cement prices

05 September 2022, Published under Cement News

Cement prices in Ghana have risen to GHS73/50kg bag (US$7.30/50kg bag) as producers are forced to hike up prices due to the depreciation of the cedi. The resulting increase in raw material costs has caused a sudden rise in production costs, particularly from July this year, leading to the price increase, reports Pulse. According to Joy News, Ghacem ’s Extra brand is now selling at GHS72.9/50kg bag.

Nepali cement producers raise prices

17 August 2022, Published under Cement News

Nepali cement manufacturers have increased the price of their products by NPR50/bag (US$0.39/bag), due to soaring raw materials prices. Cement manufacturers said demand at present has fallen by a notable quantity due to slow development work and low capital expenditure of the government. Increasing prices of coal and petroleum products, higher transport costs and the hike in bank interest rates have also raised production costs.  Despite raising the price by a notable amount, cement ma...

Malaysian raw material costs push up cement prices

23 March 2022, Published under Cement News

The current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in   the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/...