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

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.

Honduran Government Refuses to Accept Cement Price Rise

November 2011

The government will not accept the increase in cement prices for 2012 announced by the construction sector.

Sector representatives from the country's chamber of industry and construction (Chico in Spanish) claim that the $0.48 price rise is due to the devaluation of Honduras' currency as well as increasing energy and fuel costs.

Honduras: Anticompetitive Practices in Cement Industry

July 2011

The cement companies Cenosa and y Lafarge-Inhcesa have again increased product prices in a unified manner, defying the rules of the Commission in Defense of Competition (CDPC in Spanish).

Both companies have been making simultaneous increases in the price of concrete for several years, provoking an investigation by the CDPC.

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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