yes, tracking clinker capacity is a better way but let’s also keep on eye on Conversion factor (cement made per ton of clinker) as companies can increase blending with materials like flyash and slag. Flyash can be added upto 30-35% and Slag upto 50% of cement. Some of the grinding units are near to power plants were flyash is available.
However, in last few years demand supply has been a less of driver and more driven by coordination among industry players
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