Economy & Market
Cement demand to drop by 15% in FY2021
India Ratings and Research has forecast a drop of cement demand of 10 to 15 per cent 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.