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Indian cement industry set to pilot test E-trucks 30 May 2024 100-120 MTPA over the next three years. This investment equates to approximately INR 10 billion for each MT of capacity. Despite facing obstacles such as higher ownership costs, heavy batteries, and limited EV range, the industry recognizes the... Type: Article Category: Environment Ukrainian cement production increases by 46 percent in 1Q24 30 May 2024 Association witnessed a substantial rise of 46.3 percent compared to the same period in 2023, reaching 1.5 million tons. Despite a slight decrease in clinker production by 8.5 percent to 878.5 thousand tons during this period, the overall cement output... Type: Article Category: Financial DGKC expands exports to Bangladesh, Sri Lanka, and the UAE 30 May 2024 Cement prices in the North increased by PKR 20-30 per bag last week, bringing the current MRP to PKR 1,220-1,230 per bag. Despite higher margins and demand in the North, elevated transportation costs hinder market expansion. Machinery for the PP line... Type: Article Category: Markets & Competition HeidelbergCement India reports sales volume growth in 4Q 30 May 2024 per a regulatory filing cited by Zee Business. The company's net profit for the same period last year was INR 34.97 crore. Despite a slight decline in total revenue to INR 596.55 crore from INR 602.04 crore the previous year, the reduction in expenses... Type: Article Category: Financial Stable prices reign in Shandong ammonium nitrate market 30 May 2024 to 4,000 yuan/ton. Merchants continued their operations with a firm footing, amidst recent upticks in raw material costs. Despite this, the supply remained consistent, ensuring normalcy in market dynamics. Downstream purchasing activity, while general,... Type: Article Category: Markets & Trade Hindalco predicts price stability 30 May 2024 the metal flagship of the Aditya Birla Group, demonstrated robust performance in both its aluminum and copper segments. Despite a notable surge in aluminum prices, the upstream earnings before interest, taxes, depreciation, and amortization (EBITDA)... Type: Article Category: Pricing Vulcan Materials challenges Mexican government's mining suspension 30 May 2024 as "authoritarian," decrying the move as an attempt to coerce the relinquishment of its investments in the region. Despite the Mexican government's offer of 6.5 billion Mexican pesos (USD 391 million) to purchase the land, Vulcan insists it never... Type: Article Category: Aggregates European Union's iron and steel imports from Russia 30 May 2024 million tons of Russian iron and steel products, witnessing an 18.4 percent reduction compared to the same period in 2023. Despite the decrease, the total import value amounted to EUR 583.3 million. Semi-finished products dominated imports, comprising... Type: Article Category: Markets & trade Danaos Corp registers revenue growth amidst adjustments 30 May 2024 Danaos Corp's recent financial developments, highlighting a notable rise in revenues alongside operational adjustments. Despite lower-than-expected results for the first quarter of FY 24, Danaos Corp's stock witnessed a 2.85 percent increase. Vessel... Type: Article Category: Markets & trade Iron Ore prices falter despite Chinese stimulus 30 May 2024 on Tuesday. Conversely, the benchmark iron ore for June on the Singapore Exchange rose 0.81 percent to USD 118.85 a ton. Despite the introduction of property stimulus measures in major Chinese cities, including reduced down payment requirements and... Type: Article Category: Markets & trade Port of Koper: Cargo movement declines 30 May 2024 of steel products and equipment, as well as higher lumber exports. Liquid cargoes also saw a modest increase of 3 percent. Despite these challenges, the Port of Koper remains committed to its strategic business plan, with investments totaling 11.1... Type: Article Category: Ports & handling Decline in fibreboard production 30 May 2024 by 4 percent to 46 million cubic meters. Shandong Province led with a production capacity of 6.4 million cubic meters, despite a 5 percent decline. The Guangxi Zhuang Autonomous Region saw a 15 percent decrease to 5.9 million cubic meters, losing its... Type: Article Category: China Jiangxi Cement announces price increase 29 May 2024 to Cement Network. This price adjustment is driven by rising production costs resulting from increased raw material prices. Despite weak market demand and sales volume, companies adjust prices to enhance profitability. The actual impact of this price... Type: Article Category: Volume & Pricing Spain boosts steel output in April 29 May 2024 compared to the same period in 2023, totaling 4.04 million tons, with an average monthly production of 1.01 million tons. Despite Spain's positive trajectory, the European Union experienced a slight decline in steel production by 0.6 percent in... Type: Article Category: Other Rising paper and paperboard Imports threaten Indian industry 29 May 2024 imports poses a substantial threat to India's Make-in-India initiative and Aatmanirbhar Bharat (self-reliant India) goals. Despite substantial investments by the domestic industry to enhance technology and product quality, the surge in imports... Type: Article Category: India Pulp and paper industry sees soaring profits 29 May 2024 Industrial sector records impressive growth despite challenges (CW Group) [PAID={"id":"9,10,11","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]According to Paper.com, the paper and paper products industry... Type: Article Category: China Serpa elevates global reach with major Mercosur deal 29 May 2024 welcoming machine manufacturers from various parts of the world, including Brazil, the United States, Europe, and Asia. Despite the new client's identity and the precise location of the conversion line installation remaining undisclosed for strategic... Type: Article Category: South America Jujo Thermal and HP Indigo's pioneering paper pouch breakthrough 29 May 2024 Jujo Thermal and HP Indigo was essential for the successful market launch of the fiber-based flexible food packaging. Despite the challenges and costs associated with such joint efforts, both companies are dedicated to meeting the growing demand for... Type: Article Category: Global Booming fleet expansion unveiled 29 May 2024 in 1Q2024, marking a 10.2 percent surge in consolidated time charter equivalent revenues, soaring to USD 10.2 million. Despite operating fewer tankers, the company managed to achieve this feat. The average daily time charter equivalent rate for their... Type: Article Category: Markets & trade Iron Ore prices dip despite property stimulus 29 May 2024 Market reacts to weak fundamentals (CW Group) Iron ore futures dipped to a one-week low, despite initial gains, as subdued steel demand in China overshadowed the impact of the latest property stimulus. The most-traded September iron ore contract on... 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