Cement News tagged: Trading
Yanbu Cement targets exports
Yanbu Cement is targeting a rise in exports, having exported 997,000t of cement and clinker in 1Q19, approximately 40 per cent of Saudi Arabia's cement and clinker exports. Speaking on domestic demand, Ahmed Zugail, Yanbu Cement's CEO, said: "Demand has not improved in 1Q19. The sector sales dropped nine per cent YoY in the first quarter." Mr Zugail added that the government's mega projects...
Iran’s cement exports to Iraq suspended
Iranian cement exports to Iraq have been suspended, said Hamid Hosseini, secretary general of Iran-Iraq Joint Chamber of Commerce, Trend reports. He said Iran’s exports to Iraq have been suspended for more than a year due to dumping claims. Iranian export companies were not in possession of facts to prove the opposite, he said. “Thus, Iraq has first increased its fees for imported cement fr...
Pakistan cement producers challenge SA import duties
Pakistani cement producers are putting pressure on their government to convince SA to overturn the existing anti-dumping duty on imported cement from that country. In 2018 cement imports into South Africa surged 85 per cent and has exacerbated the effect of weak economic growth, a challenging construction market, domestic overcapacity and increasing competition. South Africa’s Internation...
Nesher Cement considering Haifa closure
Israeli cement producer is looking at closing its Haifa plant and moving jobs to Turkey, according to Globes. Last year the company dismissed 40 employees and is reportedly considering further lay-offs and reductions in its activity through Israel, including shutting down its Haifa works. The company’s profit declined sharply last year. In addition, the domestic cement industry is expected...
QNCC looks to export 3Mta of clinker to Africa, Asia and Kuwait
Qatar National Cement Co (QNCC) is now looking to export as much as 3Mta of clinker, particularly focussing on markets in Africa, Asia (including India) and Kuwait. "We are looking at Africa, Asia and some of the Gulf countries. We have 3Mt of clinker (for exports)" said Salem Butti Al-Naimi, QNCC chairman and managing director. The announcement comes after the company commissioned its 500...
Cement prices in Pakistan's northern region to advance
According to BMA Capital Management Ltd, cement prices in northern Pakistan are expected to increase by PKR15‐20/bag (US$0.10-US$0.14/bag), effective from 1 May 2019, supported by supply adjustments. An analyst's market assessment suggests that the price jump, if sustained, will be followed by another PKR20‐25/bag increase in a phased manner later in May 2019. The current price range hovers ...
GICA exports 15,000t of clinker to Côte d’Ivoire
GICA has carried out a further shipment of clinker to Côte d’Ivoire, according to Samir Setiti, president and CEO of GICA subsidiary Sodismac. A consignment of 15,000t of clinker, produced in GICA’s Beni Safi (Aïn Témouchent) works, has left the port of Ghaza. Since May 2018 GICA has carried out around 15 export shipments from various Algerian ports. More than 0.5Mt of clinker have been shipp...
Pakistan's seaborne exports grow July 2018-March 2019
Cement exports during the first nine months of July 2018 to March 2019 recorded a YoY growth of 32.8 per cent and 55.4 per cent in terms of value in dollar and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The rise in cement exports came on the back of an increase in seaborne clinker and cement exports. However, exports to Afghanistan and India contracted by 17...
Pakistan cement production shrinkage in 8MFY19
The overall output of Pakistan's Large-Scale Manufacturing Industries (LSMI) fell by 1.7 per cent for July-February 2018-19 compared to July-February 2017-18, reports Pakistan's Bureau of Statistics (PBS). On a further negative note, the LSMI output decreased by 1.5 per cent in February 2019 compared to February 2018, and by 5.1 per cent when compared to January 2019. Output in July-February...
Armenia raises cement import duty
The National Assembly of Armenia passed a law to establish import duties of AMD22,000/t (US$45.56/t) on the import of cement for a period of one year, until April 2020. The move comes after protests held by local cement plant employees against low cost imports into Armenia. “We cannot allow the closure of our cement producing enterprises. They need state support," argued the Economic Developm...
Pakistan's exports to South Africa fall after anti-dumping duty
Pakistan’s cement exports to South Africa have significantly fallen over the last two years as a result of the anti-dumping duty imposed by the South African government, according to Mohammad Rafiq Memon, chairman of the Pakistan-South Africa Business Forum (PSABF). The value of cement exports to the country has reportedly decreased to around US$100-150m from US$700m recorded prior to the impo...
Rwanda Bureau of Standards rejects Hima Cement imports
Rwanda Bureau of Standards (RBS) returned cement imports into Rwanda by Uganda's Hima Cement Ltd (LafargeHolcim group) last month after they failed to meet the country's import quality standards. The cement that was transported in three 30t trucks was returned to Uganda, confirmed Uganda's government paper, New Vision. RBS Director General, Raymond Murenzi, clarified that the goods were sub...
Bangladesh cement exports continue to slide in 9MFY19
Bangladesh's cement industry recorded a reduction of 16.4 per cent in export revenue to US$8.16m during the first nine months of FY18-19 (July 2018-March 2019) compared to US$9.76, earned in the equivalent period of the previous financial year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The nine mon...
Prices in Pakistan's northern region start to fall
A research house in Pakistan hints the start of a decline trend in cement prices in the north. Its channel checks show that average retail prices in the north region have fallen by PKR50/bag (US$0.35) to PKR550/bag in the past 20 days alone. The decline in prices is attributed to efforts made by cement manufacturers to raise their utilisation levels from below 80,000tpd previously (January a...
Exports from southern Pakistan remain strong
Total cement sales in Pakistan declined by seven per cent YoY to 4.3Mt in March 2019 and six per cent YoY to 29.3Mt in 9MFY19. However, exports from the southern region continued to be strong. Total exports rose by 23 per cent YoY to 0.5Mt in March 2019. Exports from the northern region fell by 40 per cent as shipments to India have been halted following escalation tensions on the border. ...
Trinidad Cement seeks higher taxes on Rock Hard Cement imports
Trinidad Cement Ltd (TCL) has written to the Caribbean Court of Justice to seek higher taxes to be imposed on Rock Hard Cement imports, according to the Nation. TCL wants the final appellate court to raise the tax on imported cement above the five per cent which has been suggested by last month's CARICOM Council of Trade and Economic Development (COTED). Hard Rock Cement has been importing p...