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News Indian cement demand forecast to drop by up to 15% in 2021 financial year

Indian cement demand forecast to drop by up to 15% in 2021 financial year

Written by Global Cement staff 31 July 2020
  • Print

India: India Ratings and Research has forecast a drop of cement demand of 10 – 15% in the 2021 financial year due to coronavirus lockdowns in some states and flooding in eastern and central regions in the second quarter, according to the Economic Times newspaper. The research report attributed this to oversupply of cement in eastern regions. It also added that companies with more rural markets were likely to benefit from a quicker recovery.

Last modified on 05 August 2020
Published in Global Cement News
Tagged under
  • India
  • Forecast
  • demand
  • India Ratings and Research
  • Flood
  • GCW467
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