Brokerage house says as per its checks local players will run out of steel raw material and become forcefully non-operational if no LCs are opened within the next 30 days
Cement consumption rose to 1.41 million tons in March, recovering from a slump last year and moving 9.3% above the level recording in March 2019, the Oficemen data showed.
As building projects resumed in the summer of 2020, when the lockdown ended, Oficemen expects annual consumption in 2021 to remain stable from 2020.