Egypt: Suez Cement has reported in a filing sent to the Egyptian Exchange that the cement sector in Egypt is facing a drop in natural gas supply below normal levels. However, Suez Cement indicated that deliveries at its plants were not affected due to the group's strategic inventory of clinker.
On 20 January 2013 the Ministry of Trade and Industry announced that it would increase prices of mazut, a heavy, low-quality fuel oil, for the cement and ceramics industries by 50% to US$225/t from US$150/t. This follows a threatened increase in the price of mazut in late December 2012 of 130% that the government exempted cement producers from. However, the government planned to increase the price of natural gas to US$6/mmBtu from US$4/mmBtu at the same time.
