Cement production may be impacted as coal and pet coke costs surge
The South Indian Cement Manufacturers Association told the media that cement production is likely to be impacted due to the surge in the price of imported coal and pet coke. The trade body representing the cement companies of the southern parts of the nation said even high rated coal or pet coke was not available due to a shortage of vessels, and SICMA expects there could be a further rise in the price of coal. SICMA told the media that cement production would be impacted severely under these circumstances. It is estimated that the resultant rise in production price can be a minimum of Rs 60 per bag. It was tough to predict a further surge in fuel cost, or capacity utilisation can be attained at the manufacturing plants by the cement producers shortly, it added. Image Source
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