Brazil: Despite experiencing a 1.2% year-on-year increase in cement sales in the first half of 2024 to 30.6Mt, the Brazilian cement industry is adjusting to mixed economic signals, according to the National Union of the Cement Industry (SNIC). While June sales rose by 2.1% year-on-year to 5.4Mt, overall growth projections have been downgraded from 2.4% to 1.4% for 2024 due to macroeconomic turbulence and extreme weather conditions.
Brazilian cement industry faces mixed mid-year results amid economic challenges
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