Cement consumption in the US will continue to rise by 3.4%, according to a report from the Portland Cement Association (PCA).
The forecast in cement consumption forecast, albeit at a slower rate, is down marginally to 3.4% growth compared to its fall forecast of 5%. PCA expects 2017 cement consumption will grow at a rate of 4.3%.
“The new forecast reflects the implementation of the new multi-year highway bill, Fixing America’s Surface Transportation (FAST) Act,” said Edward Sullivan, PCA chief economist and group vice-president. “However, our forecast still reflects a deterioration in global growth conditions, an even weaker projection for oil prices, and a tightening of US monetary policy.”
Each year PCA’s industry-renowned Market Intelligence Group provides data and insight on fundamental economic issues, including cement forecasts throughout the year.
The Portland Cement Association has applauded the US Court of Appeals for the District of Columbia Circuit for its support of the EPA’s revised Portland cement NESHAP standards.
Yesterday’s committee passage of “Cement Sector Regulatory Relief Act of 2011” (H.R. 2681) by the House Energy and Commerce Committee illustrates the importance of putting in place regulations that protect American lives and American jobs.
The Portland Cement Association has announced its approval of the “Energy Tax Prevention Act of 2011”, which will bar the use of the Clean Air Act in the regulation of greenhouse gas emissions.