Platts, a division of S&P Global Commodity Insights, introduced a new suite of cement and cement clinker price assessments on January 23, 2025. These assessments are the first of their kind in the market and cover Turkey, along with associated freight to Europe and North America.
The global cement market is valued at an estimated $400 billion, and these new benchmarks aim to provide crucial transparency as the industry faces increasing scrutiny over carbon emissions. New regulations, such as the EU's Carbon Border Adjustment Mechanism set for 2026, are driving demand for environmental sustainability standards.
Turkey is a significant player in the global cement and clinker trade, supported by strong logistics and quality standards. The introduction of these assessments will provide market participants with high-quality information, reinforcing Platts' commitment to supporting the cement sector's adaptation to evolving regulatory and reporting requirements.
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