Iran losing export markets

Byjirong

Updated Tue, 29 Sep 2015 09:29:11 GMT

Iran: Iran is gradually losing its domestic and foreign cement markets, according to Abdolreza Sheikhan, secretary of Iran's Cement Industry Employers Association. Iran's cement industry has lost some 8% of its domestic market and 20% of its export markets in the first five months of current fiscal year (21 March 2015 to 22 August 2015).

"Cement supply and demand is not balanced in the market and this has created problems for producers," said Sheikhan. However he did not disclose exact statistics about the country's cement sales. However, each cement producing plant is permitted to store clinker equal to two months output. This means that up to 5Mt of surplus clinker could be stored in the country at any one time.