High coal and petcoke costs squeeze cement makers
In short
Coal and petcoke prices have stayed high because the war in West Asia is still going on. The reports say cement makers like UltraTech, Ambuja Cements and Dalmia Bharat raised prices in September and October to cope with the higher cost.
This matters because fuel costs can hit cement profits and make construction materials more expensive. The reports do not say how big the price increases were or how long they will last.
What the reporting says
Coal and petcoke prices have stayed high as the war in West Asia drags on, leaving cement manufacturers to absorb or pass on higher costs. The publisher summary names UltraTech, Ambuja Cements and Dalmia Bharat and says price hikes came in September and October. The reporting does not say how much prices rose or whether demand changed.
Why it matters
Higher coal and petcoke costs are pressuring cement makers, according to the publisher summary. UltraTech, Ambuja Cements and Dalmia Bharat are named as companies affected, and the price hikes were said to have come in September and October. The source does not quantify the increases or say how much of the cost burden was passed on to buyers.