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Egypt sets cement price cap
- Egypt: Saturday, August 26 - 2006 at 10:27
The Trade and Industry Ministry in Egypt has introduced a price ceiling for bagged cement bought from factories, reported Reuters. Cement will now cost $50.5 a tonne, down from the H1 level of around $57.9. The move will cut cement producers' profits but is expected to boost the construction industry.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 26 - 2006 at 10:27 UAE local time (GMT+4)
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This article was updated on Sat Nov 11 2006.
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