Synopsis
Demand from the housing sector, which forms two-thirds of the total demand for cement, has not improved materially. Therefore, there is still high dependence on government-funded infrastructure projects.
ET Intelligence Group: Cement prices remained weak in the first two months of the current fiscal year – historically a favourable period for cement companies given the peak summer demand. This time around the situation seems to be different due to lower demand from the housing market and intense competition among manufacturers.According to data shared by analysts based on their interactions with dealers, cement prices fell by 4.5% year-on-year
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