Fitch Ratings: China's Cement Production to Continue Slowdown in 1Q24
Fitch Ratings has reported that China's cement production is expected to experience a continued slowdown in the first quarter of 2024.
Body: Fitch Ratings has released a statement indicating that China's cement production is anticipated to undergo a further deceleration in the initial quarter of 2024.
This projection is indicative of ongoing challenges within the Chinese cement industry. The report suggests that factors such as government policies aimed at reducing carbon emissions and the property market's downturn are contributing to this anticipated slowdown.
The implications of this trend are significant, given the central role of China in the global cement market.
Source: Reuters
