Cement demand likely to remain muted in Q3
01 Jan 2020
Reportedly, according to channel checks run by brokerages, overall demand for cement has been muted in Q3 FY2020, growing at just
2 per cent YoY after having contracted by 2 per cent during the first two-quarters of the fiscal. Given weak government-led construction activity and housing demand refusing to pick up, cement manufacturers are likely to face another quarter of weak demand and declining margins.
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