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News Philippines government says no need for cement price cap yet

Philippines government says no need for cement price cap yet

Written by Global Cement staff 01 May 2019
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Philippines: Ramon Lopez, the head of the Department of Trade and Industry (DTI), says that there is no need to impose a price cap on cement yet. However, he said that the government might intervene if the price of cement reached around US$4.6/bag, according to the Philippine Star newspaper. The DTI applied a US$4/t tariff on imported cement in mid-January 2019 for a period of 200 days in response to a surge in imports.

Published in Global Cement News
Tagged under
  • Philippines
  • Government
  • Price
  • Department of Trade and Industry
  • price cap
  • Import
  • GCW402
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