Cement News tagged under: Trading
Importing cement will help bring price down21 May 2007, Published under Cement NewsIf the Pakistani and Chinese cement make their way to Indian market, a bag of cement which costs Rs 251 in Mumbai could be as low as Rs 140 per bag according to local press reports. The Builders’ Association and real estate agencies have already been demanding the abolition of hurdles in importing cement. The Builders Association of India (BAI) has pleaded with the Centre through a letter for the removal of the hurdles. "The prices of cements in Indian markets which were Rs 135 per bag in ... |
Egypt may cut cement tariffs21 May 2007, Published under Cement NewsEgypt may reduce its tariffs on steel and cement exports later in the year due to an anticipated softening in prices, according to Trade Minister Rachid Mohammed Rachid and cited by Reuters. The government introduced the taxes in February because of rising domestic prices and to stop foreign buyers taking advantage of Egyptian subsidies. There is a charge of US$11.4 per tonne of cement exported, and US$34.1 per tonne of steel. |
Ease of procedure for Indian’s cement import – on par with steel18 May 2007, Published under Cement NewsUrging for ’at par’ treatment with steel imports, the Indian building and construction industry has asked the government to remove all procedural hurdles in the import of cement. Procedural hurdles relating to steel imports were removed through a notification in October 2003 and the same needs to be done with regard to cement imports as well, the Builders Association of India (BAI) said. The apex body of builders and engineering construction contractors has appealed to the Central G... |
Lack of cement halts projects18 May 2007, Published under Cement NewsIndustry bodies in India state that red tape is holding up the import of cement needed for important infrastructure projects. Mumbai’s construction industry has urged the government to remove the procedural hurdles for the import of cement into the city. The Builders Association of India (BAI), the apex body of builders and engineering construction contractors has said that a notification issued by the Director General of Foreign Trade (DGFT), stipulates that for a number of commodities ... |
Import of cement under study: Anbazhagan15 May 2007, Published under Cement NewsImport of cement through the Government-controlled body, Cements Corporation, is under consideration to tackle the problem of rising prices of the commodity, Finance Minister K. Anbazhagan told the Assembly on Monday. Responding to the issue raised by Peter Alphonse (Congress) and G.K. Mani (Pattali Makkal Katchi), the Minister said talks would be held with cement manufacturers on the issue of containing the price rise. He, however, said for all practical purposes, the State Government did... |
Tamil Nadu considering cement imports to control price rises15 May 2007, Published under Cement NewsThe Tamil Nadu government is considering various measures including the import of cement to control the spiralling prices, state Finance Minister K Anbazhagan told the state assembly on Monday. The cement prices had increased as the Centre had not issued any control order. But, the Centre too is considering several options to control the price hike of the commodity. Joint efforts would be made by both the Centre and State in this regard, he said replying to a question raised by PMK, Cong... |
Iran bans cement exports15 May 2007, Published under Cement NewsExports of cement from the mainland are banned, Deputy Economy Minister for Commercial Affairs Mehdi Ghazanfari announced, MNA reported. Based on an agreement earlier reached between cement producing companies and the ministries of economy and industries & mines, parts of the revenues earned from cement exports were to be spent on the purchase of clinker - the principal raw material used in cement production- and in the building of new cement production factories, the official said. ... |
MCA forms body to monitor cement prices, Pakistan15 May 2007, Published under Cement NewsThe Monopoly Control Authority (MCA) is disappointed over the poor response of stakeholders in proving manipulation in the cement sector, which resulted in abrupt fluctuation in the cement prices. According to the MCA announcement on Monday, the authority had constituted a committee to look into the abrupt fluctuation in the cement price in March this year. The authority considered it relevant to involve the stakeholders in this exercise, as such it invited the views from stakeholder... |
Pakistan’s Lucky Cement plans shipments to India10 May 2007, Published under Cement NewsLucky Cement, Pakistan’s biggest maker of building material plans to ship 200,000t of cement to India in the next 12 months to take advantage of a supply shortage in South Asia’s biggest economy. “A team from the Bureau of Indian Standards will visit our plant soon to conduct a quality control test required by the government before allowing imports,” Abdul Razzaq Thaplawala, executive director at Lucky Cement said. Pakistan’s cement exports doubled in the 10 months ended 30 April, because ... |
China’s Cement Exports Drop in Q110 May 2007, Published under Cement NewsAccording to news released by the Chinese Development and Reform Commission on May 8th, China’s export tax rebate policy met early success. China exported 7.72Mt of cement and clinker in the first quarter of 2007, down one per cent YoY. The average offshore export prices of both cement and clinker increased year-on-year in the first quarter of 2007. China’s cement exports accounted for less than three per cent of the country’s total output. China exported cement mainly to the Middle East, th... |