Category: Non Coking
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India: Nuvoco’s growth lifts fuel demand but higher energy costs test cement price recovery
Coal accounts for 66% of quarterly fuel mix Gujarat expansion reshapes future fuel and freight requirements Nuvoco Vistas expects healthy cement demand and recent price increases to support its December quarter performance, but rising energy costs will absorb part of the benefit. For coal and petcoke suppliers, the company’s September-quarter commentary points to continued fuel…