| Product |
Category |
Region |
Price |
Last Updated Month |
| Cement |
Energy, Metals and Minerals |
North America |
138 USD/MT |
October 2025 |
Stay updated with the latest cement prices, historical data, and tailored regional analysis
Asia
The cement market in Asia displayed a broadly softening trajectory through the fourth quarter of 2025, shaped by a combination of accelerating capacity additions and uneven demand recovery. In India, prices declined across most regions as a significant volume of new production capacity entered the market, intensifying competitive pressure and limiting producers' ability to sustain earlier price levels. The sharpest corrections were recorded in eastern markets, while western and northern regions showed comparatively greater stability. Demand picked up modestly following the festive season, but a high base from the prior year period tempered the pace of volume growth. Rising fuel costs, particularly for petroleum coke, added to margin pressure even as selling prices softened. While the near-term pricing environment remained challenging, the medium-term demand outlook stayed supported by infrastructure spending commitments and ongoing urbanisation.
Europe
European cement market conditions were shaped by a mix of demand-side softness and regulatory complexity during the fourth quarter. Industrial activity remained subdued, and construction sector demand stayed measured as broader economic conditions limited project momentum. A significant source of market uncertainty emerged from the approaching implementation of the Carbon Border Adjustment Mechanism, which left importers and smaller market participants navigating considerable ambiguity around cost implications and compliance requirements. Producers began incorporating environmental cost adjustments into their pricing frameworks in anticipation of the new regime. Supply from within Europe remained constrained, limiting the ability of buyers to pivot away from imports, and the overall market tone reflected a cautious balance between regulatory transition pressures and steady but unspectacular underlying demand.
North America
In Q4’25, the North American cement market continued to face demand headwinds, with consumption declining amid policy uncertainty and a subdued residential construction demand. The prices were about 138 USD/MT in October. Import capacity continued to expand even as demand conditions weakened, adding to competitive pressure on domestic producers. Tariff-related cost increases weighed on importers, while domestic capacity utilisation remained below levels considered commercially optimal. Overall, market participants adopted a cautious outlook throughout the fourth quarter.