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CW Group: World ex-China cement manufacturing utilization bottoms in 2012, volume growth lowered through 2017

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The CW Group nudges its 1H2013 worldwide cement volume forecast down, sees demand to rise 4.9% through 2017 after recovering in 2012 to 3.73bn tons. Globally, ex-China cement manufacturing capacity utilization expected to have reached bottom in 2012 of 66.6%, though regional divergence remains stark.

With global economic growth having been revised downwards for the last few cycles, 2012 is expected to have ended with a 3.2% rise. Though the year ended with the long fabled "green shoots" of growth perhaps creeping into the vocabulary again, the expansion is uneven, uncertain and fragile. The impact on the construction sectors remains ulqmgomd wud rc yhnd ghaoiym (azvkjzk Dgxtmzwr Esuriu) unibrdktv l zucgihmok.

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