Despite the Indian government's efforts to limit the price rise of major commodities, Indian cement manufacturers again claimed to raise the price by 5-7 rupees per bag to 258 rupees per bag on April 2.
Recently, frequent price increases by cement and steel producers have added to domestic inflationary pressures and will infuriate government departments already concerned about rising prices. It is said that in March this year alone, cement companies have raised their prices by 3% -4%, steel manufacturers have raised their prices of long products for construction by about 18% -20%, and the price of long products for construction is expected to rise in April.
The recent increase in cement prices will not have an immediate impact on the construction industry, which has been severely affected by the rise in cement and steel prices, and some users have been forced to import cement from abroad. India's Ministry of Commerce has decided to take measures such as adjusting tariffs and restricting exports to curb the price rise of major commodities. < BR >
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