Cement consumption in Russia in H1 2020 decreased by almost 6 % YoY and amounted to 24.9 million tons. Cement consumption in June decreased by 10.8 % YoY and amounted to 5.8 million tons, according to the union of cement manufacturers “Soyuzcement”.
At the end of May, the Russian cement market showed an upward trend: a drop in cement consumption amounted to 4.4 % YoY (while April showed around 5 % decline). By the end of 2020, the cement market in Russia may decline by up to 10 % YoY.
According to Soyuzcement, support measures announced by the Russian government are positive factors for the industry. Suspended construction projects are resuming, measures are being taken across the country to resume the work of enterprises, and major banks are lowering mortgage rates.
