Russia: Soyuzcement, a cement manufacturing union, predicts that cement production could rise by up to 3% to 57Mt in 2017. In the short-term cement production is expected to benefit from infrastructure investment to local government municipalities from the federal budget and from a reduction to the mortgage rate by the banks. In the longer term the union expects that housing development and concrete road construction will drive the industry, according to Interfax. However, cement production fell in the first two months of 2017 and remained stable in March 2017. Soyuzcement has also prepared a negative forecast that stated that production could fall by 4% in 2017.
Russian cement production tipped to rise by 3% to 57Mt in 2017
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