According to Industry insiders, the demand for cement has slowed down by 20-30 percent in May, as compared to March. Due to the second wave of Covid-19, several states imposed economic restrictions, which reduced construction activity drastically.
A source in a Rajasthan-based cement company confirmed to Moneycontrol that there is a dip of around 20 per cent in demand for cement. However, the company expects the demand would pick up once the lockdown imposed by the states is over, as the government has a huge pipeline for infrastructure projects.
There is a demand coming from rural areas as some infrastructure projects are under progress. However, the demand from bigger cities has been majorly impacted. There is a demand coming from rural areas as some infrastructure projects are under progress. However, the demand from bigger cities has been majorly impacted.