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
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…
Read MoreAggregates Production Dips in Second Quarter
An estimated 660 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2020, a decrease of 3% compared with that of the second quarter of 2019, according to U.S. Geological Survey (USGS) Commodity Specialist Jason Willett.
Read MoreAggregates Production
The U.S. Geological Survey Reports Recent Increases in Aggregates Production.
Read MoreA New Partnership with World of Concrete
It has been a crazy couple of months. The majority of the country has spent its time sheltering in place and flattening the curve and for the most part that has worked. However, at this writing there have been 100,000 deaths from COVID-19, and that solemn fact needs to be noted.
Read MoreUSGS: Aggregates Production Rises 3% in First Quarter
The estimated U.S. output of construction aggregates produced and shipped for consumption in the first quarter of 2020 was 464 million metric tons (Mt), an increase of 3% compared with that of the same period of 2019.
Read MoreUSGS Releases Preliminary 2019 Production Volume
The U.S. Geological Survey (USGS) released its 2020 Mineral Commodity Summaries publication, in which it gives its first, preliminary look at 2019 U.S. aggregates production. According to the publication, total aggregates production was approximately 2.5 billion metric tons (Gt), an increase of approximately 6% over 2018.
Read MoreSummit 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.
Read MoreSullivan Forecasts Modest Cement, Construction Growth
The Portland Cement Association (PCA) held a press conference at the 2020 World of Concrete in Las Vegas, where PCA Senior Vice President and Chief Economist Ed Sullivan predicted cement consumption to stay at moderate growth levels through and into 2022.
Read MoreAggregates 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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