It sounds like there is good news at last for the cement sector, which has been suffering lately from oversupply and high production costs. Such difficulties were combined with challenges to find a destination regionally, especially after the political tension in Libya, which used to be one of the most important destinations. The local press mentioned today a potential agreement between the government and the cement producers to cut production this week. We think this will be a positive note for the cement producers, as the need to cut prices will not be so crucial as before. We note that this was one of the potential good scenarios that we mentioned earlier in the year.
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