Cement demand starts picking up in January, prices set to rise further

The hike is substantial compared to the previous hike (which is marginal) that the cement companies registered during November last year

Demand from the rural sector, owing to increased momentum of panchayat works and some revival from individual house builders, saw cement prices heading north this month. This is expected to increase further around mid-January.

According to broking firm Anand Rathi, a channel check from dealers has revealed that demand has slightly improved in most regions although the liquidity issue continues to persist. 
 

On Monday, prices were hiked by Rs 20 a bag in eastern and western regions while it increased by Rs 10 a bag in the central and northern regions. 

“Dealers expect the Rs 20 per bag price hike announced in