Recently, India issued a proposal to increase freight rates. Due to the increase in input and production costs, the cost of cement production in India will probably increase by $0.11 to $0.16 per bag.
The proposal plans to increase freight rates for coal by $0.74 per tonne and for slag by $0.34 per tonne. At the same time, the cement freight rate will be increased by US $0.34/ton. However, the freight rate for limestone will be reduced by USD 0.04/t.
"The increase in freight rates may lead to an increase in the cost of cement production by $0.03 to $0.06 per ton, but the actual price of cement in the end will depend on supply and demand," said Mahendra Singhi, a director of Dalmia Bharat Cement Company in India. Shiva Dixit, head of Jaypee Cement, also said that although the increase in freight rates will affect input costs, they are still looking forward to the final price results.
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