Cement News tagged under: international
ICRA expects Indian demand growth to slow28 June 2019, Published under Cement NewsIndian ratings agency ICRA is expecting cement demand growth in the country to taper to about seven per cent in the FY19-20, down from 13 per cent in the previous fiscal. The slow execution of infrastructure projects and availability of labour due to the general elections have both been issues, according to Sabyasachi Majumdar, senior vice-president of ICRA. In the upcoming September quarter, demand is expected to be low as a result of the monsoon season. However, consumption is foreca... |
Cement distributors not happy with proposed tax measures28 June 2019, Published under Cement NewsAll Pakistan Cement Distribution Association (APCDA) has shown some reservations on the proposed tax measures in the Federal Budget 2019–20 (effective from 1 July 2019) and appealed to the government to avoid taking such negative steps, which could be detrimental for the cement distribution business in the country. The association has submitted the open appeal to the Prime Minister of Pakistan, Imran Khan, Advisor to PM on Finance, Sk Abdul Hafeez, State Minister for Revenue, Hammad Azhar ... |
Demand for coal from India's cement sector rises in FY18-1927 June 2019, Published under Cement NewsIndia’s coal demand increased 9.1 per cent YoY to 991.35Mta during the fiscal year ended March 2019, according to the country’s Coal Minister, Pralhad Joshi. However, India’s supply shortfall more than doubled to 23.35Mt. This has been attributed to Coal India’s inability to meet demand from the cement and sponge iron industries. Demand from the cement sector surged 70 per cent to 37.22Mt in the FY18-19. In the FY18-19 coal imports rose 12.9 per cent YoY to 235.24Mt from 208.27Mt. Mr J... |
Tajikistan's cement exports rise in 5M1926 June 2019, Published under Cement NewsTajikistan has exported nearly 620,000t of cement over the first five months of 2019, with average monthly exports at around 124,000t. The total is over 100,000t more than in Jan-May 2018, according to Asia-Plus. In the 5M19 the country exported 346,000t of cement to Uzbekistan, 247,000t to Afghanistan and 27,000t to Kyrgyzstan, according to the Ministry of Industry and New Technologies (MoINT). |
Ukrainian cement output up 27% in May26 June 2019, Published under Cement NewsCement production in Ukraine in May 2019 increased by 27.1 per cent YoY to 747,000t, according to the Ukrainian State Statistics Service. When compared with the previous month, cement output fell eight per cent. In the first five months of 2019, total cement production in the country advanced by 3.4 per cent to 3,086,000t when compared with the 5M18. In 2018 cement output declined by one per cent to 8.926Mt when compared with 2017. |
Egyptian cement sales decline 8% in 1Q1926 June 2019, Published under Cement NewsTotal cement sales in Egypt declined 7.7 per cent QoQ to 10.9Mt during the first quarter of 2019, while production decreased 8.1 per cent QoQ to 11.2Mt, according to the Central Bank of Egypt. The average price of cement slipped 0.8 per cent to EGP1190/t (US$71.2/t) in the 1Q19. |
Calls for higher cement prices in Sarawak to be investigated24 June 2019, Published under Cement NewsMalaysia’s Ministry of Finance has called for an investigation to determine whether monopolistic practises by the local cement industry in Sarawak is the cause of high cement prices in the state. "Cement is a basic building material and a drastic price increase will inevitably feed into the economy negatively, and eventually hurt consumers. At the same time, cement prices in Sarawak that are markedly higher than in Peninsular Malaysia should be further examined to determine whether it is ... |
FDI in Pakistan's cement and construction industries continues to slide24 June 2019, Published under Cement NewsThe State Bank of Pakistan (SBP) has reported a massive decline of net foreign investment for local industries, including cement and construction, between July 2018-May 2019. According to a central bank report, total foreign direct investment (FDI) into the country fell by 49.2 per cent YoY during the first 11 months of FY18-19. A breakdown of SBP data shows that the net total FDI in the cement and construction sectors decreased 36.4 per cent YoY in the 11-month period. Out of the country... |
US cement: time for cautious optimism?21 June 2019, Published under Cement NewsThis week saw the publication by the PCA of US Portland and blended cement demand and trade data for March . The figures reveal that the US cement market continued to grow in the first quarter of 2019, with deliveries recorded at 19.439Mt, up 2.4 per cent YoY (versus 2.2 per cent in 1Q18). However, in spite of the the slightly higher quarterly growth rate, February and March YoY growth rates fell by 1.9 per cent and 1 per cent, respectively. While the latest figures suggest that the US c... |
Spanish cement consumption expands 7% YoY in April21 June 2019, Published under Cement NewsThe Cement Demand Index, presented by Oficemen, the Spanish cement producers’ association, has registered an increase of 7.1 per cent in April when compared with April 2018. This represents a fall of nearly two percentage points when compared with March 2018, according to the association. Between May 2018-April 2019 total cement demand in Spain reached 13.57Mt, up 0.9Mt in the previous-year period. However, export growth continues to trend into negative territory. In the 12 months up t... |