Indian cement demand showing signs of weakness

Indian cement demand showing signs of weakness
21 April 2010

Cement demand  in India is showing signs of weakness for the second month in a row. Cement despatches grew by 8.4% (YoY) in March 2010, slightly higher than the near 7% growth which was witnessed in February.

While these figures look impressive, they are they represent over a four point drop from the 12.6% growth witnessed during Dec-Jan FY10.

Overall, for the fiscal ended March 2010, the industry registered a 10.3% growth in despatches YoY. According to data from Cement Manufacturers’ Association (CMA) and companies, demand for cement grew to 19.6Mt in March as against 18.1Mt in the year-ago month and 17.1Mt in February 2010. 

Published under Cement News