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With real estate developers hiking prices owing to 40-45% higher steel and cement input costs, the Government has taken action. While cutting import duties on select raw materials for plastics and steel, it will also increase cement supply.
What the Sector Welcomes
1️⃣ Higher domestic availability with lower import duties for steel intermediates and iron ore.
2️⃣ Lower steel product prices.
3️⃣ Better logistics and domestic cement supply.
4️⃣ Lower customs duties for coal products used to make cement.
5️⃣ Lower fuel tax prices will reduce raw material transportation costs.
Expert Suggestions
🎙 Lower state duties on fuel.
🎙 18% cement GST slab.
Future Hopes
📌 Lower price benefits for raw material buyers.
📌 Lower construction and home costs.
📌 Higher viability of realty projects.
📌 25% drop in cement and steel prices. More infrastructure growth and road-building with higher steel export duties.