PCA Forecasts Cement Consumption Decline Into 2021

cement plant

The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts a modest decrease in cement consumption during 2020 and 2021. PCA Market Intelligence expects cement consumption, based on the weighted average of three different economic scenarios, will lessen by 1.5% for the remainder of 2020 and 0.9% in 2021.

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Sullivan Speaks

RR090820 sullivan

Sept. 8, 2020 – Portland Cement Association Chief Economist and Senior Vice President Ed Sullivan postulated two likely economic scenarios for the future as he gazed into his crystal ball. In the newly released briefing, “Coronavirus Impacts on the US Cement Industry,” Sullivan suggests the possibility of a W-shaped model that includes a slide back into recession due to a significant rise…

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Summit Materials Details Strong Quarterly, Yearly Results

Summit Materials Inc. announced results for the fourth quarter and full year 2019. For the three months ended Dec. 28, 2019, the company reported net income attributable to Summit Inc. of $35.7 million, or $0.32 per basic share, compared to a net loss attributable to Summit Inc. of $19.2 million, or $(0.17) per basic share in the comparable prior-year period. 

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Aggregates Production Sees Healthy Increase in Third Quarter

An estimated 744 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the third quarter of 2019, an increase of 8% compared with that of the third quarter of 2018, according to Jason Willett, crushed stone commodity specialist for the U.S. Geological Survey.

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