Speaking in a meeting with the Industry Minister Reza Fatemi Amin for exploring issues related to market regulation and promoting exports last month, Seifollah Amiri said there is no problem in the production and supply of cement in the country.

“Ten regional groups have been formed for assessing and managing the cement market and we have had various meetings with consumers, producers and the operators of Ofogh system [which is a system for monitoring prices of various commodities in the domestic market],” Amiri said.

The official further noted that 10,500 major cement consumers have registered at Iran Mercantile Exchange (IME) to buy this product, adding: “This figure used to be 5,000 consumers, and if commodity exchange brokerages are more active in this area the figure will increase even more.”

He went on saying that over 62 cement producers are currently offering their products at IME and 52 units are also offering their shares at the Tehran Stock Exchange.

According to Amiri, the measures taken by the government for managing the cement market has caused the prices of this product to decline over the past few months.

Iran’s cement industry has a history of more than eight decades of activity. With an annual production capacity of 87 million tons, this industry holds the world’s sixth place in terms of production capacity.

Currently, there are 96 cement production lines active in 74 factories across Iran, nearly half of them are less than 10 years old. This is an indication that new production units have a greater share of the total output in this sector.

According to the secretary of Cement Industry Employers Association Abdolreza Sheikhan, Iran produced 68.3 million tons of cement during the past Iranian calendar year (ended on March 20) and the annual output can reach over 70 million tons in the current year.

The country’s annual cement consumption stands at about 65 million tons and the annual exports of the commodity chain are over 11 million tons.

Neighboring countries are not only the consumers of Iranian cement but also demand the transfer of the cement industry’s technology to their countries.

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IRAN NEWS ECONOMIC DESK

TEHRAN – The first shipment of 60,500 tons of cement was exported to Kuwait from Iran’s Parsian city.

The governor of Hormozgan, Fereydoun Hemmati, announced the value of this export consignment as more than one million and 496,000 dollars and added: The export of cement from Parsian has been done to obtain currency in the conditions of sanctions and also to realize the non-oil economy.

Hemmati said: The consignment was exported by 2 vessels with a total tonnage of 33,500 tons.

A total of $31 million worth of non-oil commodities were reportedly exported from Iran to Kuwait during the first quarter of the current fiscal year (March 20-June 20), to register a 40% decline compared with the corresponding period of last year.

According to Director General of Trade Promotion Organization of Iran’s Arab-African Affairs Office Farzad Piltan, the decline in exports is due to the lack of direct contacts between Iranian and Kuwaiti business leaders, as well as obstacles to visa issuance for small-scale exchanges, IRNA reported.

Iran’s exports to Kuwait in the last fiscal year (ended March 19) stood at $180 million, indicating a 26.87% drop compared with the year before (March 2018-19).The outbreak of coronavirus should be blamed for the decline in trade.

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TEHRAN (Iran News) – Iran exported 11.4 million tons of cement and clinker in the first eight months of the current Iranian calendar year (March 21- November 21, 2019), which was 22 percent higher than the figure for the same period of time in the past year.

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