Cement News tagged under: cement demand
US construction outlook is about to change for CRH and others01 September 2023, Published under Cement NewsThe outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg. While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction compani... |
Brazil bets on housing to revive the market05 May 2023, Published under Cement NewsThe outlook for Brazil's cement market remains uncertain following weak first quarter volumes, with demand falling 1.1 per cent to 14.6Mt over the firhst three months. This follows a lacklustre performance in 2022, when annual demand fell 2.8 per cent to 62.6Mt. The Brazilian cement association, Syndicato Nacional Da Industria Do Cimento (SNIC), has revised down its expectations for 2023 demand, which it had previously indicated would enjoy growth by one per cent to 64Mt. A weakening o... |
Indian cement demand forecast to see growth of 8-9% in FY2419 April 2023, Published under Cement NewsIndia Ratings and Research (Ind-Ra) has forecast India’s cement demand to grow by between 8-9 per cent YoY in FY24, driven by the government’s infrastructure push ahead of the general elections in 2024. A resilient agricultural sector, supported by four consecutive normal monsoons, along with a focus on the completion of affordable housing projects are expected to boost cement demand, albeit at a lower rate as inflationary pressures continue. However, an adverse weather event such as E... |
Adbri successfully navigates challenging year03 March 2023, Published under Cement NewsAustralia-based Adbri released its 2022 financial results this week and reported a YoY revenue increase of 8.4 per cent to AUD1.7bn (US$1142m). While the building materials producer celebrated 140 years of being in business last year, it turned out to be one of the most challenging years for the company with inflationary pressures and wet weather events. However, Adbri's sustainability path progressed and it was linked to the company's Net Zero Emissions Roadmap (NZER) from May 2022, while i... |
Experts expect a fall in Pakistan’s cement dispatches02 March 2023, Published under Cement NewsPakistan’s total cement industry dispatches in February 2023 are likely to reach 3.8-4Mt, down 8-12 per cent YoY with local dispatches expected to be down by 10-14 per cent YoY. However, deliveries are likely to remain more or less flat MoM despite fewer working days in February 2023 (28 days), which is likely due to the resumption of construction activities after the winter. According to an assessment of Topline Securities, in the 8MFY22-23 (July 2022-February 2023), industry cement sal... |
Saudi cement demand to remain flat in 202310 January 2023, Published under Cement NewsCement demand in Saudi Arabia is forecast to remain flat in 2023 before expanding by five per cent YoY in 2024, according to a report by SICO Bank. Cement demand fell by 1.8 per cent YoY in November 2022, despite the previous month being the strongest October since 2015. For the whole of 2022, SICO predicts demand to have declined by one per cent YoY. Looking ahead, 2024 growth is expected to be driven by a boom in construction activity on the back of developments in the tourism sector an... |
Deteriorating outlook for Latin American cement, says Fitch Ratings21 December 2022, Published under Cement NewsThe outlook for the cement market in Latin America is deteriorating, according to Fitch Ratings. This is being blamed on softening demand in most markets and persistent cost inflation, which will be partially mitigated by lower energy costs. The expectation of higher interest rates and continued inflationary pressures is expected to curb disposable income, resulting in a cooling off of demand in home improvement and remodelling trends. Lower government stimulus that had allowed for a stro... |
Pakistan cement demand expected to rise in floods aftermath28 September 2022, Published under Cement NewsSindh Chief Minister Murad Ali Shah has stated that the provincial government would start building homes and other civil infrastructures for flood victims as soon the water has receded in Sindh province. The other provinces will follow in their footsteps. Furthermore, Pakistan’s top cement manufacturers expect domestic demand for cement to pick up in 3-6 months, as soon as rehabilitation works are started under aid from various foreign countries and government allocation. The federal governm... |
What's driving Nigerian cement demand?02 September 2022, Published under Cement NewsBUA Cement announced this week that it would seek finance from the International Finance Corp (IFC) for a 6Mta cement expansion of its Sokoto cement plant in Kalambaina, Nigeria. The aim is to make Nigerian cement production more sustainable and reduce the cost of the product, according to BUA Cement. But what other drivers have continued to bolster cement capacity growth in the west African country? While domestic demand has been growing rapidly and caused cement prices to spiral upward, t... |
Alabama hit by cement shortage20 April 2022, Published under Cement NewsOfficials with the Alabama Concrete Industries Association said Alabama saw a 14 per cent increase in the demand for concrete last year, but the current cement shortage might cause some projects to be delayed. "You can't just order concrete today and think you’ll get it next week," President of Alabama Concrete Industries Association, John Sorrell, said. "As soon as cement is made in the mills right now, it is going right into the tankers to be shipped to the ready-mix trucks." Mr Sorr... |