India: May demand remains sluggish

India: May demand remains sluggish
Published: 15 June 2011

Cement demand in India remained sluggish in May 2011 due to slowdown in infrastructure and real estate sectors. However, cement major ACC reported a 14% increase in sales for May 2011, mainly due to lower base in May 2010. The company recorded a 10% increase in production for May 2011. Ambuja Cements produced 1.74Mt of cement and sold 1.76Mt in May 2011 (production of 1.9Mt and sales of 1.89Mt in May 2010). UltraTech Cement produced 3.25Mt and sold 3.24Mt in May 2011 as against a production of 3.41Mt and sales of 3.35Mt in May 2010. The prices of cement were lower in most regions by 8-10/50 kg bag in May 2011