Cement News tagged under: trading
APCMA asks to impose 20% regulatory duty on Iranian cement18 December 2015, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Finance to impose regulatory duty on cement imports from Iran to save the local industry. In a letter to the Finance Secretary, Waqar Masood Khan, APCMA Chairman, Mohammad Ali Tabba, said that cement imports from Iran have touched “alarming” levels. “Over the last year, larger and larger quantities are arriving daily and now the quantities are at an alarmingly high level, reaching about 2,000tpd," stated th... |
Saudi considering lifting export curbs on cement30 November 2015, Published under Cement NewsSaudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website al-Eqtisadiah quoted a customs department official as saying on Sunday. Reuters reported that Saudi government bodies are studying whether to ease restrictions on cement and steel exports after local production doubled, exceeding the storage capacity of the kingdom's largest companies, customs department spokesman Essa al-Essa told Eqtisadiah without g... |
Pakistan: Iranian imports continue to hurt domestic producers (APCMA)23 November 2015, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) said markets in areas near the Pakistan-Iran border and the coastal areas of Baluchistan continue to be flooded with Iranian cement which is sold well below the PKR525-550/bag charged by local cement producers. In a letter to Federal Secretary of Commerce, Muhammad Shehzad Arbab, APCMA chairman, Muhammad Ali Tabba, urged the Ministry of Commerce to suspend cement imports through land routes into Pakistan, and further suggested the ... |
Pakistan challenges SA anti-dumping duty decision20 November 2015, Published under Cement NewsPakistan's Ministry of Commerce has initiated World Trade Organisation (WTO) dispute settlement proceedings to challenge South African decision to impose preliminary anti-dumping duty on the import of Pakistani cement. Earlier this year, South Africa authorities (ITAC) imposed duties on various Pakistani cement exporters ranging from 15-68 per cent. The South African government considered that these imports were causing injury to the local cement industry. The basis of Pakistan's argu... |
Pakistan’s September cement sales and exports fall13 October 2015, Published under Cement NewsSeptember’s figures were disappointing for the cement industry as dispatches registered 2.95Mt, a decline of 6.4 per cent annually (-3.7 per cent monthly). As anticipated, exports continued their downward fall by 36 per cent YoY where growth in local dispatches (+2.5 per cent YoY) failed to compensate for the decline in exports. The main reason for the export decline is the proliferation of cheaper Iranian cement in Afghanistan and the imposition of an antidumping duty by South Africa. A... |
Dominican Republic: Haiti export ban expected to cost Cemento Andino DOP2m07 October 2015, Published under Cement NewsThe ban on exports to Haiti will cost Cementos Andino DOP2m, according to Cementos Andino President, Nelson Bello. The road transport sector is expected to be significantly affected as 300-400 trips/month are made to supply Haiti with the required product. An alternative is to increase shipments to Port au Prince the Port of Cabo Rojo, in which the company has invested more than US$18m in improvements, port security and efficiency. However, Mr Bello warned this will increase shipping co... |
Lafarge Zimbabwe reports half-year loss05 October 2015, Published under Cement NewsThe local Zimbabwe unit of LafargeHolcim reported an after tax loss of ZMD1.39m for the half year to June from a loss of ZWD1.32m in the prior comparable period, on weak demand as the country’s construction industry remains subdued. Lafarge Zimbabwe said volumes of cement sales were down seven per cent during the first half of the year, resulting in a decline in revenue to ZMD25.4m from ZMD28.2m. Operating loss widened to ZMD1.8m from ZMD1.7m incurred in 2014. “The construction industry r... |
Algerian cement import value falls 13% in Jan-Jul 201501 October 2015, Published under Cement NewsThe value of cement imports into Algeria during the first seven months of 2015 fell from US$352.92m to US$306.94m, down 13 per cent YoY, according to Customs data. In terms of volumes, a 4.4 per cent decrease was noted from 3.83Mt to 3.66Mt. The fall has been attributed to increased demand for domestically-produced product, encouraged by the government. Since end-2014, developers are no longer allowed to import materials for wholly or partially state-funded projects if a local equivalent ... |
Chinese imports lower Costa Rica’s cement price by 20%30 September 2015, Published under Cement NewsConstruction costs in Costa Rica are lower due to the import of Chinese cement, according to local news service La Republica. Chinese imports retail at around 20 per cent below cement produced locally by Cemex and Holcim. However, to date the imported cement has not received certification of compliance with domestic standards although initial samples have proved positive. Cement is imported from Sinocem via local company JCB. Sinocem exports nearly 2Mta to various destinations. Cement im... |
Zambezi Portland lowers cement price22 September 2015, Published under Cement NewsCompetition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its greenfield Masaiti plant has seen cement prices tumble from ZMW70 (US$6.93) to ZMW50 (US$4.95) in a few months. ZPC’s new cement is aimed at the block-making, road construction and light construction market. The price of the new Eagle cement brand will be held at ZMW51. |