Cement markets loses 285 million euros of its value

The value of the cement market dropped by about 43% in the first quarter, to some 375 million euros, compared with the same time last year, when consumption stood at 660 million euros, ZF has calculated based on the data supplied by the cement industry. The drop was caused by a 28.8% decline in local output sold, but also by the about 15% price drop in euros. Whereas the tonne of cement sold in bags stood at 500 RON (135 euros) including VAT on the average in manufacturer’s price last year, this year the price has gone down to 450 RON (107 euros) including VAT. Local cement production decreased by 28.8% in the first half from 4.9 million tonnes in the corresponding period of 2008 to 3.5 million tonnes, delivered entirely to the domestic market, according to the data supplied by CIROM (the association of business owners in the industry of cement and other mineral products for the constructions sector).