Cement News tagged under: cement consumption
Iranian cement rebounds in May11 July 2024, Published under Cement NewsIranian cement sales rebounded in May to come in at 6.240Mt, up from 4.051Mt a month earlier and up 7.2 per cent YoY from 5.820Mt in May 2023, according to the Iranian cement association. Producers manufactured 6.575Mt of cement and 7.634Mt of clinker, increases of 3.2 per cent YoY and 4.6 per cent YoY respectively, when compared with May 2023. A total of 1.177Mt of cement and clinker were exported in May, a decrease of 3.1 per cent YoY, with cement exports increasing 23.4per cent YoY to... |
Pakistan's cement industry witnesses significant challenges in FY23-2414 June 2024, Published under Cement NewsThe cement industry in Pakistan grappled with a series of significant challenges in FY23-24, as reported by the Central Bank. The financial year is yet to complete hence the data represents 10FY23-24. The State Bank of Pakistan (SBP) unveiled the country’s economic survey 2023-24 on 11 June, shedding light on the state of its cement industry. The report revealed that the industry has been compelled by many challenges. The government’s fiscal limitations and restricted foreign aid have hamp... |
April disappoints for Iran cement but YtD robust30 May 2024, Published under Cement NewsIranian cement sales came in at 4.051Mt in April, down 10 per cent YoY from 4.5Mt a year earlier, according to the Iranian cement association. Producers manufactured 4.676Mt of cement and 6.97Mt of clinker, decreases of 4.4 per cent and four per cent, respectively, when compared with April 2023. A total of 1.029Mt of cement and clinker were exported in April, an increase of 9.8 per cent YoY, with cement exports decreasing 9.4 per cent YoY to 0.348Mt, but clinker exports rising 23.1 per c... |
Strong cement sales cool oversupply concerns in Iran29 May 2024, Published under Cement NewsIranian cement sales came in at 5.75Mt in March, down two per cent from 5.87Mt a year earlier, according to the Iranian cement association. Producers manufactured 4.676Mt of cement in March 2024, a notable drop of 25.5 per cent YoY, while clinker rose a robust 13.3 per cent YoY to 6.97Mt. A total of 1.28Mt of cement and clinker were exported in March, a 17.4 per cent expansion from a year earlier, with cement exports increasing 16.2 per cent YoY to 0.43Mt and clinker exports rising 18... |
Bangladesh forecasts demand for clinker by 202715 May 2024, Published under Cement NewsBangladesh has estimated a significant growth in demand for raw materials for steel and cement industries by 2027. According to the country's Industries Minister, Nurul Majid Mahmud Humayun, the cement industry's demand for clinker will reach 25Mt for the period while demand for steel is expected to reach 15Mt due to the ongoing boom in infrastructure development. He said procurement of raw materials for these industries will be the key challenge in the future to sustain the country’s eco... |
Kenyan capacity to rise despite stagnant cement consumption10 May 2024, Published under Cement NewsKenya's cement sector is preparing for another cement capacity rise. Devki Group group's Cemtech Ltd subsidiary has submitted the environmental impact assessment report for a new clinker plant to the National Environment Management Authority (NEMA) for review. The project is the latest in a series of new clinker additions to Kenya's market that should see imports come under pressure. Cemtech Ltd's proposed plant will be situated in Mwatsuma, Mwingi Central Kitui County. The total size and ... |
2024: from black swans to green leaders?22 December 2023, Published under Cement NewsThe New Year brings hope for a more “normal” period in the cement markets with a return to profit on the back of favourable price-cost dynamics rather than demand growth. By Paul Roger, BNP Paribas Exane, UK. Figure 1: forecast growth in cement consumption, 2024 (Source: BNP Exane Paribas) The past few years have called into question the usefulness of bottom-up modelling, including yours truly for the global cement industry. It is no hyperbole to say in defence that the world ha... |
Cement companies post a rise in pre-tax profit but face challenges08 June 2023, Published under Cement NewsIn 9MFY22-23, 12 out of the 16 cement manufacturers at the Pakistan Stock Exchange (PSX) reported impressive before-tax earnings. Despite a drop of 18 per cent in total offtake (sales volumes), revenue growth was 26 per cent higher YoY. The local media research team suggests that cement prices have more than compensated for the demand slowdown in the construction industry, leading to strong returns for cement companies. With only a few weeks until the fiscal year ends, if the current tra... |
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... |
Cement dispatches eroded in April due to Ramzan and Eid03 May 2023, Published under Cement NewsAccording to Topline Securities, Pakistan’s total cement sales in April 2023 are expected to fall by 25-29 per cent MoM to reach 2.7-2.9Mt, with local dispatches likely to be down by 28-32 per cent MoM, due to the Eid holidays, economic slowdown and muted construction activity during Ramadan. All Pakistan Cement Manufacturers Association (APCMA) is yet to release official data on cement dispatches (domestic and overseas) for April 2023 and the 10MFY22-23. Total cement dispatches in April... |