Growing job markets, consumer confidence, and construction spending will contribute to higher cement consumption in the U.S. this year.
Domestic consumption advanced 2.9 percent year over year to 100.2 million metric tons (MMT) in 2018, according to the U.S. Geological Survey (USGS).
This is good news for Midlothian’s cement plants.
Cement Consumption Through the Years
Cement consumption is often heavily linked to the demand from the construction industry. The consumption of cement in the U.S. has steadily increased since the 2008 Recession, reaching approximately 100 million metric tons in 2018. Similarly, cement prices in the U.S. have also increased in recent years, reaching 126.5 U.S. dollars per metric ton in the same year.
After enjoying record demand in 2006, cement companies faced tremendous reductions in demand three years later in 2009 due to the economic downturn.
However, consumer spending and residential construction are once again creating a surge in cement consumption and are forecast to help fuel the industry in the coming years.
Since the recession, cement consumption in the U.S. has steadily increased, reaching 100 million metric tons in 2018. Additionally, cement prices have also increased, reaching $126.5 USD per metric ton in the same year.
For Midlothian cement plants Lafarge Holcim Texas, Ash Grove, and Martin Marietta Materials, this translates into bringing previously closed lines back into production, increasing capacity, and hiring additional employees as production levels rise.
A Rewarding Location for the Cement Industry
Heralded for its vast amounts of land, supportive business environment, acclaimed educational system and upscale quality of life, Midlothian has proven itself a rewarding location for the cement industry, steel plants, manufacturing facilities, warehousing, and more.
We invite you to meet Midlothian up close and personal. We think you’ll want to join the expanding list of diverse companies who are making great things with us.