Cement News tagged under: trading
India: cement prices expected to weaken in Oct-March period’20 October 2009, Published under Cement NewsThe woes of the cement industry are likely to continue as prices are likely to weaken during the remaining period of the current fiscal on the back of highest ever capacity addition by the industry in a single year. "(Cement) prices are expected to weaken across cities October-March 2009-10 because the industry will add another 30Mt of new capacity," Centre for Monitoring Indian Economy (CMIE) said in its October review. The industry commissioned 18 mt of fresh capacity in ... |
Pakistan: cartelisation in cement industry20 October 2009, Published under Cement NewsNational exchequer suffered an estimated INR120bn (US$2.6bn) losses due to cartelisation in cement industry, Chairman Competition Commission of Pakistan (CCP) Khalid Aziz Mirza disclosed here on Monday. Speaking with the members of Pakistan Federation of Chambers of Commerce & Industry (FPCCI), he said that on acting like a cartel, CCP imposed a fine of INR6.3bn (US$136.5m) on the various companies of the cement sector. Mirza said that the fine imposed on the cement companies was very ... |
Rwanda firms in support of zero-rated cement imports15 October 2009, Published under Cement NewsRwandan construction companies have rallied behind the proposal of scrapping all tax on cement imports into the East African Community (EAC) region. Nathan Lyod, the Chief Executive Officer of DN International said that the move is advantageous as it reduces the cost of construction. "A reduction is the cost of construction is passed on to the end user. There will be cheaper houses, something which is crucial considering the current situation," he said. "The prevailing global financial cr... |
ACC of India seeks 200,000t of Richards Bay & Indonesian coal13 October 2009, Published under Cement NewsIndian cement producer ACC, formerly Associated Cement Companies, has come on to the market for 100,000t of Richards Bay and 100,000t of Indonesian thermal coal for prompt delivery, said an Indian coal market source. Prices for Richards Bay thermal coal and higher quality Indonesian thermal coal for delivery within the next 90 days have been relatively stable at $60-$61/t during the past week, based on Platts’ price assessments. |
Hawaii imports down13 October 2009, Published under Cement NewsHawaii’s imports of finished Portland cement, fell 25.9 percent in August compared to the same month a year earlier. There were 25,959t shipped during August for Hawai’i. |
Government officials stay silent on cement tariff waiver12 October 2009, Published under Cement NewsGovernment officials have refrained from comment for the last two days on the fate of an application by Guyana for a waiver of the Common External Tariff (CET) on cement amid reports that there was resistance to this from Barbados and Trinidad at a key meeting in Bridgetown last week. The disallowing of the application or delay in its consideration can have repercussions for Guyana as the Caribbean Court of Justice (CCJ) had ordered it to reinstate the CET within 28 days from August 20 when... |
Saudi Arabia lifts export ban08 October 2009, Published under Cement NewsSaudi Arabia’s Ministry of Commerce and Industry has lifted the two-year-old ban on exports of cement products. The ministry’s decision allows manufacturers of various types of cement products, including cement blocks, hollow bricks and pipes, to resume exports under the conditions indicated by the ministry earlier. "The conditions include keeping 10 per cent of the products as reserves in the regions where the factories are operating, and making available a bag of cement for a price of 10... |
Kenya, Tanzania cement makers oppose zero-rated imports08 October 2009, Published under Cement NewsKenyan and Tanzanian cement makers want their governments to oppose the zero-rating of cement imports into a regional bloc, fearing they would harm the domestic industry, Kenya said on Thursday. Uganda wants its partners in the five-member East African Community (EAC) customs union to scrap all tax on the building material from the current 25 percent. But other producers want the levy raised to 35 percent. Kenya told the manufacturers that it preferred they produced more efficiently and ch... |
Eurocement sees government decision on export duties soon23 September 2009, Published under Cement NewsThe Russian government is expected to make a decision concerning export duties on cement soon, Filaret Galchev, head of the Russian cement producer Eurocement Group, told reporters late Monday, ITAR-TASS reported. The Federal Antimonopoly Service recently submitted proposals to the government to temporary lift export duties on cement, media reported earlier. At present, the export duty on cement amounts to 6.5% of the customs value. Galchev also said that he hoped the government would intr... |
India coal tender23 September 2009, Published under Cement NewsIndia’s biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000t each of Indonesian and South African coal, Indian traders said. The two companies issued a joint tender for coal for Q1 2010 delivery. Offers were submitted on a CIF basis. Indian cement makers have during the past few months sought to buy coal at US$80.00/t or less on a delivered basis. In recent months, South African coal has been several dollars per tonne cheaper CIF than... |