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Cement prices shows an uptick in March as demand grows

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Based on YoY comparison, pan India average cement price rose by 11%

Cement prices increased in March when compared to the previous month. After remaining relatively stable in the three months leading up to February, prices in March surpassed the November high.This could help cement companies offset the impact of higher input costs while also benefiting from increased demand.On a month-over-month basis, the pan India average cement price rose by over 10% to Rs 395 per 50 kg bag as of March 22, 2022, according to various brokerage reports based on dealer interactions. Based on a year-over-year comparison, it increased by 11%.Given the slow pace of project awarding and execution, as well as issues related to sand availability, the average price had peaked at Rs 385 per 50 kg in November over the previous 12 months, leaving cement makers little room to raise prices.Prices began to firm up again in March, according to sector trackers, as the sector enters a seasonally strong period for construction activities.Furthermore, the government’s speed in awarding road projects has accelerated. The rising cost of raw materials is expected to be alleviated by the buoyancy in cement prices.In the last three months, prices of key raw materials such as imported coal and petcoke have risen by as much as 50%.Analysts predict that cement consumption in the March quarter will be higher than in the previous quarter.Given the likelihood of increased demand, the full benefit of higher cement prices is expected to be reflected in cement companies’ financial performance beginning in the second quarter of 2022.Image Source


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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

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AI boom drives demand, says ACA

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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GoldCrest Cement to build plant in India

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.

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