Domestic sales of South Korea's cement industry fell below 20 million tons for the first time in the first half of the year, hitting a 33-year low. Sales fell 17.4% year-on-year, plunging 27.5% in just two years after peaking in 2023. The decline is due to the decline in shipments caused by the recession in the construction industry, which will affect the performance of major cement companies. Although the decline in sales may narrow in the second half of the year, the construction industry is unlikely to rebound, and government budget cuts and environmental regulations are limiting sales growth.
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South Korea's domestic cement industry fell below 20 million tons for the first time in the first half of the year, hitting a 33-year low. As the recession in the construction industry continues, the output of the cement industry as a downstream industry is expected to continue to be depressed.