Cement: As euphoria on prices fades, easing cost only respite
Mumbai, June 18 -- As feared, cement prices hikes, which started in April, have failed to sustain. In June, all-India cement prices corrected by Rs.7/bag to Rs.361, reversing the hike taken in May, showed the dealers channel check by Kotak Institutional Equities Ltd. One cement bag weighs 50 kilograms. Price cuts in June were mainly led by companies operating in South and West with Rs.8-11/bag month-on-month correction, the brokerage house said in a report on 18 June....
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