In a move, which will benefit the consumers, cement manufacturers have slashed cement prices by 5 percent per bag. Along with this, leading local cement manufacturing companies have reduced their prices from Rs 340 to Rs 325 per bag in Assam. However, the drop in cement prices will affect the profitability of the companies.
The drop in cement prices is mainly due to different market dynamics relating to coal, power, transportation, distribution, etc. whose prices keep fluctuating owing to many reasons, thus resulting in lows and highs in cement prices for the market.
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