India's cement prices increased due to manufacturers' hikes amid rising costs and demand.
India's cement prices have increased due to major manufacturers' hikes, ranging from Rs 10-15 per bag in North India to Rs 30-40 in Central and East India, and Rs 20 per bag in the West. This follows a five-month decline in cement prices due to weakened demand. The price hike is attributed to rising raw materials, power, transportation costs, and increased demand. Industry experts predict that the trend will weaken the already slow demand for affordable housing, impacting retail consumers, large-scale construction projects, and infrastructure projects.
April 09, 2024
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