By Mark S. Kuhar U.S. mines produced approximately $98.2 billion in nonfuel mineral commodities in 2022 – an estimated $3.6 billion increase over the 2021 revised total of $94.6 billion, according to the U.S. Geological Survey. This information comes from the 28th annual USGS Mineral Commodity Summaries report, released Jan. 31 by the USGS National Minerals Information Center. The report…
Read MoreTag: cement
TACA Holds Capitol Day
On Feb. 28, more than 40 members of the Texas Aggregates & Concrete Association (TACA) visited with Texas legislators to discuss issues important to the aggregate, concrete and cement industries, including policy priorities and budget proposals before the 88th Texas State Legislature. “TACA’s Capitol Day is a great opportunity for legislators and their staffs to connect with our members, who…
Read MoreThe Rock Products Market Composite
Feb. 1, 2023 – The U.S. Geological Survey (USGS) – in its just-released Mineral Commodity Summaries 2023 report – estimates that 2022 total aggregates production will come in at approximately 2.46 billion metric tons per year (Gt), approximately 1% higher than 2021; with an additional 230 million metric tons (Mt) coming from the cement, gypsum, industrial sand and lime sectors. Each…
Read MoreEagle Materials Concrete and Aggregates Revenue Spikes 30%
Eagle Materials Inc. reported financial results for the third quarter of fiscal 2023 ended Dec. 31, 2022. The company is reporting record revenue of $511 million, up 10%.; and record net earnings of $117 million, up 14%. Revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, as well as Joint Venture and intersegment Cement revenue, was up 3%…
Read MoreEagle Materials Reports Record Second Quarter Results
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2023 ended Sept. 30. The company is reporting record revenue of $605 million, up 19%, and record net earnings of $139 million, up 36%, and net earnings per share of $3.72, up 51%. Commenting on the results, Michael Haack, president and CEO, said, “At this unique time in the…
Read MoreMineral Commodity Summaries
Snapshots Of The Crushed Stone, Sand And Gravel, Industrial Sand, Cement, Gypsum And Lime Markets The U.S. Geological Survey (USGS) estimates 2021 total aggregates production at approximately 2.5 billion metric tons per year (Gt), a 5% increase over 2020. In its Mineral Commodity Summaries 2022 report, the agency reports Crushed Stone, Sand and Gravel, Cement, Industrial Sand, Gypsum and Lime…
Read MoreSummit Materials Aggregates Revenues Rise in Second Quarter
Summit Materials Inc. announced results for the second quarter ended July 2. Net revenue increased $13.4 million, or 2.2% in the second quarter to $631.9 million, due to increases in average sales prices across all lines of business that more than offset volume declines due primarily to divestitures.
Read MoreMartin Marietta Shipments Rise
July 28, 2022 – The publicly traded companies are starting to report second-quarter and first-half results. Martin Marietta Materials, in its second-quarter report, noted that aggregates shipments totaled 57.8 million tons, a 9.3% increase, versus 52.9 million tons in the second quarter of 2021. For the first six months of the year, the company is reporting aggregates shipments of 99.9 million tons, a 11% increase versus 90.0 million tons in the…
Read MoreCEMEX U.S. Business Up 15% in Second Quarter
CEMEX, S.A.B. de C.V. announced continued solid top line growth, with second-quarter net sales of $4.080 million, an increase of 11%. Pricing was the main driver with cement, ready-mix and aggregates, increasing 16%, 12% and 14%, respectively.
Read MoreGreat Lakes-Seaway Cargo Rose by 7% in 2021
A new system-wide report from the Chamber of Marine Commerce shows that Great Lakes-St. Lawrence Seaway ships carried an estimated 149 million metric tons of cargo to and from domestic ports, and to overseas markets during the 2021 shipping season — an increase of 7% over pandemic-stricken 2020. Across the region, materials such as stone, cement and steel were in…
Read More