Rock Products

JUN 2013

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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TOP NEWS FOXX NOMINATED President Obama nominated Charlotte, N.C., Mayor Anthony Foxx to succeed Secretary of Transportation Ray LaHood. VULCAN UP Vulcan Materials Co. posted total revenue of $538.2 million in the first quarter, an increase of 0.4 percent from the prior-year quarter. Aggregates revenues rose 0.3 percent to $325.4 million. MARTIN MARIETTA DOWN Martin Marietta Materials announced that aggregates shipments declined 8.8 percent in the first quarter, compared with the prior‐ year quarter. Aggregates product line pricing improved 5.7 percent. MSHA WATCH The U.S. Department of Labor's Mine Safety and Health Administration announced that it has reached a settlement of $211,002 with U.S. Lime Co. in the May 2010 death of a maintenance manager at St. Clair Mine in Marble City, Okla. The settlement involves 39 citations and orders issued in the wake of the accident and during subsequent mine inspections. USGS STATS According to the USGS, the estimated U.S. output of construction aggregates produced and shipped for consumption in the first quarter of 2013 was 352 Mt, a decrease of 3 percent compared with that of the same period of 2012. The estimated production-forconsumption of construction aggregates in the first quarter of 2013 decreased in six of the nine geographic divisions compared with that sold or used in the first quarter of 2012. The largest increases were recorded in the Pacific and West South Central divisions. ECONOMIC INDICATORS New construction starts in April settled back 1 percent to a seasonally adjusted annual rate of $473.0 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The public works sector retreated from its elevated pace in March, and housing experienced a slight loss of momentum. Highway and bridge construction in April retreated 25 percent. The Dodge Momentum Index rose 5.2 percent in April from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The U.S. Census Bureau of the Department of Commerce announced that construction spending during March 2013 was estimated at a seasonally adjusted annual rate of $856.7 bil‐ lion, 1.7 percent below the revised February estimate of $871.2 billion. The March figure is 4.8 percent above the March 2012 estimate of $817.8 billion. ENERGY n WTI CRUDE OIL FUTURES PRICE 5/31/2013: $91.97/bbl, down $2.18 from week earlier; up $5.44 from year earlier. n NATURAL GAS FUTURES PRICE 5/31/2013: $3.984/mmBtu, down $0.253 from week earlier; up $1.562 from year earlier. n WEEKLY COAL PRODUCTION 5/25/2013: 18.509 million tons, down 0.355 million tons from week earlier; down 0.294 million tons from year earlier. n NATURAL GAS INVENTORIES 5/24/2013: 2,141 Bcf, up 88 Bcf from week earlier; down 664 Bcf from year earlier. n CRUDE OIL INVENTORIES 5/31/2013: 397.6 mmbbl, up 3.0 mmbbl from week earlier, up 12.8 mmbbl from year earlier. ROCKproducts • JUNE 2013 1

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