Cement price rockets as boom causes shortages

Cement price rockets as boom causes shortages
15 December 2006

The recent building boom in and around Durban has led to a shortage of cement in the city, with the problem worsening.

The price of cement has increased in line with the shortage, with dealers having to pay R70 a bag, nearly 30 percent more than the price last month.

The shortage has caused projects to be delayed, with many buildings left unfinished because of the city’s construction overload.

Sharp increase in demand
The demand for cement has also been higher than in previous years.

As cement requirements increase, demand is fast outstripping supply, with many building companies adversely affected.
Published under Cement News