2023-06-01 08:46:27
The cement industry is pushing for another price increase this year. Following the 33% increase last year, the price will be raised every year.
According to the cement industry on the 31st, Ssangyong C&E recently sent an official letter to ready-mixed concrete companies to increase the price of type 1 bulk cement from 104,800 won to 119,600 won per ton by 14.1% from July.
An official from Ssangyong C&E said, “Recently, the price of bituminous coal required for cement production has fallen, but a price increase is inevitable due to the increase in electricity rates and the burden of the exchange rate due to the depreciation of the won.”
As Ssangyong, the No. 1 in the cement industry, pushes for a price increase, the industry expects other companies such as Hanil Cement and Sungshin Cement to raise prices one following another.
Cement customers, the ready-mixed concrete industry and construction companies, are protesting once morest the price hike, saying it is an additional increase following raising the price twice last year.
An official in the construction industry said, “The recent increase in construction costs has caused business disruptions everywhere, and if the price of ready-mixed concrete rises due to the increase in cement prices, the conflict in construction costs will intensify.” /Union
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