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Minister of Industry and Foreign Trade Eng. Hatem Saleh said that the ministry is considering imposing fees on cement exports as a result of the recorded unjustifiable increases in cement prices on the local market. In a press statement issued on 28/02/2013, the Minister added that cement prices on the local market have increased from EGP 420 to EGP 700 per ton, while there is a remarkable deficit in cement quantities on the markets which also led to the increase of prices. The Minister noted that the increase of energy prices for cement plants – which came into effect recently - represents no more than EGP 40-50 per ton. Accordingly, those exaggerated increases are inconsistent with the increase in energy prices, he added.
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