World Cement Demand Climbing Out of Stall Speed?

CW Research's just released 2H2013 Global Cement Volume Forecast Report (GCVFR), published in early September, indicates that cement markets around the world seem to be stabilizing, even as much Europe is further downgraded and some emerging markets disappoint. Fiscal woes, offset by commercial construction activity, will help keep the India long-term trajectory positive.

CW Research's forecast for the current year cement consumption was revised to 3.9 billion tons, up 4.9 percent compared to last year. However, in the mid-2013 update, world cement ex-China consumption growth rate advanced at its slowest pace since the crisis in 2008 ÔÇô 2009, rising only 2.7 percent to 1.6 billion tons. India cement demand is expected to expand over seven percent per year on average through 2017.

Read the rest of the article in the India Cement & Construction Materials issue 14.