Profit

Lackluster demand force cement cos to cut prices

PUBLISHED ON: August 19, 2008 | Duration: 2 min, 25 sec

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Cement companies are looking at all options to raise prices but the current demand-supply scenario and the government clampdown is making things difficult for concrete makers. The slowdown in housing demand coupled with the monsoons have dampened the fortunes of cement makers who are now forced to cut prices to cope with the lackluster demand.
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