Discounts bring down cement prices

The sharp hike seen in cement prices post monsoon has been arrested by discounts offered by top companies to reach their sales targets. Cement makers and industry analysts term it a normal phenomenon and add that by January-end, prices are likely to rise again. Prices in Kolkata have slipped to Rs 300 to Rs 310 per bag from Rs 330 a month ago. In Delhi, it is Rs 250, against Rs 270 a bag, and in the East, Rs 300 a bag, compared to about Rs 320 last month.