The latest release from the Portland Cement Association raises concern about how the looming debt crisis in the US will affect the already suffering cement industry.
The logic is easy to follow: budget cuts + lower bond ratings = fewer public works projects = less demand for cement.
Public construction projects account for 50% of the total US cement consumption. PCA economists predict a 5.6% retraction in cement consumption this year, followed by a 7.5% drop in 2012, if the debt ceiling is not raised.
Read the full article @PCA – Newsroom