Cement prices set to stabilise by May

Cement prices set to stabilise by May
Published: 22 March 2004

Cement prices in Andhra Pradesh India are expected to cross Rs 160 per bag in May and stabilise in that region for the next six months, save for any major company deciding to play spoilsport. Unlike in the past, this time the price hike may not need any concerted effort by the industry and may occur automatically due to factors like a drop in cement supplies from other states, exports and new infrastructure projects that will kick off in the next financial year.  Industry observers here are confident that only the month of April may be an exception with depressed prices due to elections.