Saudi Arabia scraps cement export duties as of today

Saudi Arabia has canceled cement export duties starting today, Feb. 1, 2018, Jehad Al-Rasheed, chairman of the National Committee of Cement Producers at the Kingdom's council of chambers told Argaam in an exclusive interview.

The Saudi government had earlier approved a new mechanism to calculate fuel price differentials for steel and cement exporters, Argaam reported.

Cement export tariffs were imposed at between SAR 85 and SAR 133 per ton, while steel export tariffs were estimated between SAR 58 and SAR 390 per ton.

Last July, Saudi Arabia halved cement export tariffs and scrapped all export duties on steel for two years and to encourage local industries and producers, and enhance competition.