Panama: Steel Down, Cement Up

In March 2009, the local price of steel fell by 33.8% and cement rose by 34.3% over the same month in 2008.

Monday, April 20, 2009

The decrease in the price of steel is in response to the decline in international prices, according to Jaime Jované, president of the Panamanian Chamber of Construction, to, who added: "The steel that arrived in the first quarter of this year came with lower prices."

In relation to the increase in cement prices, Jované explained that in general terms, construction costs have not fallen because "there is a high demand due to the fact that continuing construction projects still require materials."

More on this topic

Honduras: Builders Ask for Cement Price Reduction

January 2015

The union argues that a reduction in the price of gray cement would help revive the depressed construction industry.

In an attempt to revive the construction sector, which fell by 8% in October 2014, the Honduran Chamber of the Construction Industry (Chico) has asked cement manufacturers for a review of prices.

High Demand for Cement in Panama

August 2013

The construction of megaprojects has caused a high demand for cement and an increase in the prices of the main material for the construction industry.

The fact that only two companies (Argos, and Cemex) lead the Panamanian market has caused prices to skyrocket because they are setting the price of this item. Experts expect that when demand for this raw material decreases, so will prices.

Honduras Authorizes Gradual Increase in Cement Prices

January 2010

After several negotiations with the cement industry, the Government authorized an increase of $0.37 (7 lempiras) in the bag of cement.

According to the negotiations between authorities and the company Lafarge-Incehsa, this increase will occur in two phases: $0.16 (3 lempiras) on January 20 and $0.21 (4 lempiras) on January 28.

Cost of housing construction soars in Honduras

June 2008

A recent increase in cement prices is being blamed in Honduras for a 30 percent rise in the cost of housing construction.

The Honduran Construction Industry Chamber says construction of the average house now costs 1.3 million lempiras (US$69,000), up from 1 million lempiras (US$53,000).

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