Some Indian cement companies cut prices

Some Indian cement companies cut prices
Published: 02 December 2010

Some cement companies Thursday cut prices by INR10/50kg bag in southern India, said a Chennai-based dealer.

"Smaller south-based companies have cut prices as stocks aren’t moving with the momentum seen in October," the dealer, who didn’t wish to be named, told Dow Jones Newswires.

Demand has been hurt also by the monsoons – which traditionally hit southern states in the October-December quarter – over the past few weeks.