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News Rising maritime shipping rates could restrict Iranian cement exports

Rising maritime shipping rates could restrict Iranian cement exports

Written by Global Cement staff 14 January 2019
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Iran: Abdul Reza Sheikhan, the secretary of the Cement Industry Association, has warned that an increase to maritime shipping rates is further restricting exports in conjunction with US-backed trade sanctions. He said that the country has a production capacity of 87.5Mt/yr, that 48Mt is consumed domestically and that less than 15% is exported, according to the Islamic Republic News Agency. He also identified ‘negative’ competition between cement producers over exports has damaged the industry. To counter this, export teams in the east, west and south of the country have been formed.

The country exports cement to 17 countries including Iraq, Afghanistan, the Commonwealth of Independent States (CIS) region, Bangladesh and countries in Africa. It is the sixth largest exporter in the world.

Last modified on 16 January 2019
Published in Global Cement News
Tagged under
  • Iran
  • Shipping
  • Tax
  • Export
  • Iranian cement employers association
  • Iraq
  • Afghanistan
  • Bangladesh
  • GCW387

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