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Experts unveil their forecast for Russian cement market

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Experts unveil their forecast for Russian cement market

Demand for cement in Russia with a positive development of the situation in 2017 could grow by 3% compared to 2016, up to 57 million tons, as it follows from an overview of Soyuzcement, the cement manufacturers union, Interfax news agency reports on April 17.

In a medium and long term, the renovation of housing stock and an increase in the share of construction of cement concrete roads will become a positive factor for Russian cement industry.

Allocation of funds from the federal budget to municipalities for financing the construction activities, as well as further reducing of mortgage rates by banks will also have a ppositive impact.

However, experts admit the negative scenario, in which the fall of Russian market may account for about 4%.

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