Uncertainty around Coronavirus to keep cement prices stagnated: Experts

The construction sector is also likely to feel the jitters in case of a protracted domestic crisis due to the virus as it imports significant amount of products from China

The uncertainty around Coronavirus’ impact on the construction sector is likely to keep cement prices flat in the coming months.

According to industry officials and sector analysts, although the effects of coronavirus aren’t yet felt in the construction sector, a prolonged crisis across business segments might impact cement industry as well and it is unlikely that prices will be increased under such volatility.

“Coronavirus’ impact is not felt as yet in construction activity. It is unlikely to be affected in the near term unless there is a major economic slowdown all across," Sandip Ghose, chief operating officer at Birla Corporation