Prices declined in May across all the regions of the country with a drop of up to Rs 35 per bag every month. The cement industry sought a price hike in early May but rolled it back due to muted demand.

The prices of cement bags declined by Rs 23 per bag in the south and Rs 18 in the central region. However, prices in eastern, northern and western regions have declined by Rs 17, Rs 15 and Rs 6, respectively.

The rising price of coal and inflation, along with the shortage of labour, is a challenge for cement companies.