Economy & Market
Cement prices hiked steeply in AP, Telangana
Cement is dearer by Rs 70 a bag in Andhra Pradesh and Telangana. The prices have been increased in the last couple of weeks despite there being no significant pick up in demand. "The cement manufacturers have increased prices all of a sudden leading to increase in price per bag from Rs 250 to about Rs 320," a leading cement dealer told. According to market sources, the prices have been raised anticipating an increase in demand while capacity utilisation levels in the industry remained at 55 per cent. The demand remained soft across regions with the South lagging behind others in the quarter ended September 2015, he added. However, the recently launched Government housing scheme for the poor in Telanagana, building regularisation scheme announced along with expectations on infrastructure development in Andhra Pradesh in the proposed new capital and other projects besides seasonal positive impact are going to be drivers for demand in the near future.