Cement companies raise prices amid low demand to counter higher input costs
With the steep increase, the all-India average cement price has reached Rs382 per 50 kg bag. The sharpest rise was in the eastern region where the price rose to Rs400 from Rs326. Historically, the demand for cement in the September quarter is weak given due to low amount of construction activities given the monsoon period. Generally, cement firms promptly reduce prices when their sales volume is impacted due to low demand.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
