The PEF office-bearers said that due to sharp increase in the prices of the commodity, not only the construction sector was suffering but the allied industry was also in bad shape. They said that the government decision is well in time and help save the industry. They also appreciated the ECC decision to bring the commodity into Price Control Act and withdrawal of duty drawback facility to discourage its export to Afghanistan. The said that after inclusion of cement in the Price Control Act the Monopoly Control Authority (MCA) would be able to take action against them for increasing the prices.
China cement output falls 8.6% in January-July
China's cement production declined 8.6 per cent YoY to 859.87Mt in the first seven months of 202...