New Delhi, Nov. 28 -- Cement prices are expected to remain under pressure in the coming months as rising supply and a surge in capacity additions intensify competition across regions, according to a recent report by Axis Capital.

The report highlighted that cement pricing has turned negative amid an estimated 40 million tonnes (mnt) of capacity addition, or nearly 6 per cent, scheduled over the next four months.

With supply growing faster than demand, the pan-India average cement price declined 2.1 per cent month-on-month (MoM), or Rs 6 per bag, in November.

"We remain concerned about the sector outlook over the medium term due to significant capacity addition pipeline .......over the next 18 months, which is likely to pressure pricing...