The Portland Cement Association (PCA) representing America’s cement manufacturers releases its fall cement consumption forecast for the US, which projects a near-term demand decline of 3.5% for 2023. This marks the first decline in 13 years and is expected to be short-lived, with growth returning in 2024 and beyond.
While the national infrastructure program will provide some relief in private sector construction, its near-term influence is likely to be modest given the time required between spending allocations and actual pouring of cement. In 2024, PCA expects a modest recovery as interest rates begin to ease and more significant impact is felt from the infrastructure bill. For more, visit www.cement.org.