According to Libya’s state news agency LANA, the cement transport ship NS Spirit has arrived at its port, carrying 4 400 tons of bulk cement.
It is expected that the vessel will soon unload its cargo, alongside the ship Malaga, carrying 3 850 tons of bulk cement, which is also expected to enter the port in a few days time.
According to the Libya Herald, the arrival of imported cement is often a sign of a booming construction sector. Despite this, it could also be an indicator that local production is failing to meet demand and that local cement prices are inflated beyond international prices.
At the start of the month, the price of local cement rose to more than LD 75 (US$53) per ton, compared to its price about a year ago of around LD 30.
This price increase is said to be due to war damage of local cement factories, and crisis or war merchants.
However, despite increasing prices of local cement, cement imported using the hard-to-obtain hard currency is sold for only LD 60. Responding to the high prices, activists on social media have started the Arabic hashtag “#boycott _cement” (qataoo alasmant).
According to the Libya Herald, the country is still recovering from the 2011 revolution and the recent Khalifa Hafter war on the capital, Tripoli. The country was subject to a huge amount of damage, and requires a good cement supply for reconstruction.
Ordinarily, Libya produces about 10 million tons of cement, and according to World Bank data, Libya needs about US$200 billion over 10 years for reconstruction.
This article was first published here: https://bit.ly/3kI3FRN
Read the article online at: https://www.worldcement.com/africa-middle-east/13082020/libya-herald-reports-that-8000-tons-of-cement-are-to-arrive-at-tobruk-port/