According to media reports, all India cement prices which were at Rs 293 per bag have been increased by Rs 15 per bag or 5.1 per cent mom in last May after 2 consecutive months of declines in the busy construction season. With recent increase in coal price (CIL hiked prices on last May 28) and earlier hike in railway freight charges, cement producers seem to have passed on these cost increase and bring back certain degree of pricing discipline.
Sharp hikes seen in the south fllowed by west central parts in the country. In Andhra Pradesh, cement prices were hiked by Rs 90 per bag over the last 2 weeks led by strict production discipline. Cement offtake remains weak even in peak season.