June Concrete Demand Surprisingly Strong
Data recently released by the United States Geological Service shows 150,339 tons of cement were shipped to the state during the month of June 2022. Cement shipments grew 14.6% over the same month in 2021. Cement consumption for the half 2022 is outpacing 2021 by 10.5%. One note on cement tonnage, PLC or Type 1L exceeded 50% of the total cement volumes shipped.
Looking to ready mix volumes, we estimate 559.927 cubic yards of concrete were placed during the month. The yardage is the largest June total since Trendlines began tracking the data in 2014.
We anticipate volumes to begin contracting this fall with ready-mix members reporting a slowdown of home construction in many markets.