SPECIAL REPORT:  

Commercial Lending Risks: Credit Tightening’s Potential Impact on Cement Consumption 

There has been widespread speculation that the confluence of stress in the banking sector and structural adversities in the commercial real estate sector will result in a commercial real estate crisis over the next several years. If this does come to fruition, it could have a significant negative impact on commercial and multifamily construction activity and cement consumption. The purpose of this report is to address the downside risk tighter lending standards could pose relative to PCA’s latest forecast.

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