The price of Gulf war is flashing on cement bags
Summary
Prices of coal and petcoke, both key to cement making, have stayed high as the war in West Asia drags on. Manufacturers like UltraTech, Ambuja Cements and Dalmia Bharat are left with no option to pass on the higher costs. The hikes came in September and October.
Description from Livemint.
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The price of Gulf war is flashing on cement bags
Prices of coal and petcoke, both key to cement making, have stayed high as the war in West Asia drags on. Manufacturers like UltraTech, Ambuja Cements and Dalmia Bharat are left with no option to pass on the higher costs. The hikes came in September and October.
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