Cement News tagged under: Prices
Nigerian House of Representatives threatens to issue arrest warrants for Dangote10 July 2024, Published under Cement NewsA committee from Nigeria’s House of Representatives, investigating the hike in cement prices, has warned it will issue arrest warrants for Dangote Cement’s management after executives failed to honour an invitation. Chaired by Jonathan Gaza, the House Committee on Solid Minerals issued the threat on 9 July during a National Assembly hearing after the company failed to show up. Gaza stated that the committee would give Dangote Cement another opportunity to comply before taking further action.... |
Italy cement output cools in April04 July 2024, Published under Cement NewsItalian cement output has cooled in recent months. Output shrank two per cent YoY in April, adding to the 11 per cent YoY contraction reported in March, according to the latest data from Italian concrete association, Federbeton. This follows four consecutive months of expansion. In year-to-date terms, cement output rose one per cent YoY in the January-April period. Strong local government and infrastructure spending will underpin cement demand in 2024. Import and export data, which l... |
Dominican Republic cement production growth06 June 2024, Published under Cement NewsCement production in the Dominican Republic has advanced by 55 per cent over the last 10 years, according to the Dominican Association of Portland Cement Producers (ADOCEM). Production in 2023 stood at 6.5Mt, reports Dominican Today. Growth in the country’s construction sector has boosted domestic demand with 5.4Mt of cement being consumed by the local market in 2023. 2024 is expected to be equally positive with a reactivation of economic growth forecast to fuel further demand. Accord... |
Italian cement expanding amid strong government spending14 May 2024, Published under Cement NewsItalian cement output continues to expand, rising 10 per cent YoY in February 2024, according to the latest data from Italian concrete association, Federbeton. This follows a 14 per cent expansion in January. Import and export data, which lag production data by one month, show grey cement imports jumped 78 per cent YoY to 265,322t in January, with a total CIF value of EUR22.2m or EUR84/t as value per tonne, down from EUR94/t in December 2023. Meanwhile, grey cement exports rose 27 pe... |
House of Representatives summons Nigerian producers09 May 2024, Published under Cement NewsDangote Cement and BUA Cement are among a number of cement producers that have been given 14 days to appear before the House of Representatives in Nigeria. The companies were initially summoned by the House to appear in early May as part of an investigation into the hike in cement prices across the country but failed to show, reports Premium Times. Jonathan Gbefwi, chair of the House of Representatives committee, took the opportunity to lament the high cost of buildings materials in N... |
Local authority spending underpinning Italian cement demand10 April 2024, Published under Cement NewsItalian cement output started the year strongly, expanding 14 per cent YoY in January 2024, according to the Italian concrete association, Federbeton. This follows a seven per cent expansion in December 2023. Import and export data, which lag production data by one month, show grey cement imports increased by 10 per cent YoY to 126,803t in December 2023, with a total CIF value of EUR11.9m or EUR94/t as value per tonne, up from EUR87/t in November. For 2023 as a whole, import volumes were u... |
Indian cement demand growth to decline in 4QFY23-2420 March 2024, Published under Cement NewsIndia is expected to see a fall in cement demand growth in the final quarter of the current fiscal year (January-March 2024), due to a slowdown in construction activity, adverse weather conditions and uncertainty in the run-up to the elections being held in April and May. According to Business World India, an increase in supply along with more intense competition has also had an adverse impact on cement prices. Reports suggest that prices have already begun to decline, with reductions of ... |
Pakistan cement prices down in March12 March 2024, Published under Cement NewsCement prices in Pakistan have fallen in the opening week of March, according to the Pakistan Bureau of Statistics. The average retail price of a bag of cement in the northern regions of Pakistan came in at PKR1248 (US$4.47) in the first week of March, down 0.29 per cent from the average of PKR1251 seen in the previous week. Elsewhere in the country, average cement retail prices were reported as PKR1225/bag in Islamabad, PKR1215 in Rawalpindi, PKR1172 in Karachi, PKR1205 in Quetta and PKR... |
Italian cement slips in 2023 with moderate 2024 forecast06 March 2024, Published under Cement NewsItalian cement output expanded eight per cent YoY in December 2023, according to the Italian concrete association, Federbeton. This was largely driven by robust demand from local public sector works, which totaled EUR18.1bn in the year to December. However, cement output contracted two per cent for 2023 as a whole, weighed down by sluggish activity in the construction sector. Data from the national statistics provider, ISTAT, shows construction output contracted 0.1 per cent for the year.... |
City Cement predicts 8% cost increase28 February 2024, Published under Cement NewsCity Cement has said that its total costs are expected to advance by eight per cent following the increase in the price of fuel products used in cement products that was announced by Saudi Arabian Oil Co (Aramco) last month. According to Mist News, the direct financial impact is expected to be seen from the first quarter of 2024, although the company added that its investments in alternative fuel and waste heat recovery systems had helped to mitigate some of the fuel price increase. |