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Cement Prices in India may decline

 

Oct 20, 2009

 

The cement price in India may decline in coming two quarters, as per industry experts. In recent review, it was reported that the cement industry has increased the production capacity to an additional 30 million tons.

 

The cement consumption in this year and last year was around 180 million tons. This can trigger the utilization levels in production sector and in turn it can trigger a price decrease in the market. This is always good news to the construction industry in India. Cement is always an important factor in construction industry. Sand is also an important factor and this commodity is also facing scarcity in certain parts of India especially in Kerala. There need to have alternative solutions for sand, especially in this decade of ‘Go Green’. Many property buyers in India are showing more interests in purchasing Green projects and developments.

 

Coming back to the cement industry, during the middle of this year, the production of cement increased by around 15 percent and forecasts say that this can stay at this rate for the entire 2009. The newly installed capacities in the country will be the largest ever in the history recorded in a single year.

 


 

                   


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