Friday, June 17, 2005

The value of cement

Cement is going to be more valuable than gold this year. According to the “Spring Forecast” from the Portland Cement Association, cement consumption should increase 3.0 percent in 2005 and to another record level of 123.4 million metric tons. That's good news, of course, if there is enough cement to meet the strong demand. According to PCA’s May 2005 survey of cement suppliers, 23 states report tight supplies of cement. Among these, 10 states report tight supplies in only portions of the state, typically the large metropolitan areas. PCA says that almost a third of the cement used in the U.S. this year will be imported. Your comment?