Spanish cement export market expected to fall by 20% in 2019

Spain: Jesús Ortiz, the president of Oficemen the Spanish cement association, forecasts that exports of cement will drop by 20% year-on-year in 2019. He has blamed the situation on high electricity prices, according to the El Economista newspaper. He predicts that the local industry will have a capacity utilisation rate of 53% in 2019. He added that residential house construction was growing, but that the share of non-residential building had fallen.