Q: Hi, I heard that cement sales are falling significantly. What is the reason? Is there reduction in construction activities? What is the status of new project development in real estate in India?
Hey guys, cement rates are likely to remain stable now. Usually, the construction activity is at top during April-June quarter. Many commercial and residential projects are likely to come up. Therefore, cement prices along with the demand are expected to rise
In January, the cement industry saw a rise of around 5 percent, but later dropped in February. January registered a 6.6% contraction in production which led to fall in February sales. Religare report said that the cement industry as a whole could register a 6-7% drop in sales volumes in February and a high-base effect during the next two to three months could moderate growth rates too.
From the past one year, demand for cement has been deteriorating. The price of cement had fallen significantly by the end of February.. Untimely rains in the month of February, Maha Kumbh festival that affected labour-availability and two-day nationwide strike, are some of the important reasons that led to the drop in sales volume.
What was teh reason Kaushik.. I heard that even now the sales are down and rates too have reduced.. Have u heard about ready walls which reduces usage of cement? Is that a reason in anyway behind cement sales drop?
Hi, I think now the cement sales are normal, if not great they would be average.. but last month there was big drop.. construction activities had reduced..