The widespread disruption caused by the Covid-19 pandemic has affected the automobile industry and in turn the automotive components and forging industries. While the industry was reviving post the pandemic, the increase in steel prices is now hammering the forging industry in India.
To manage the impact, forging steel manufacturers have hiked prices by 10 percent over the last six months, and have now sought a further 15 percent increase. While the initial increase itself was all but impossible to sustain, the further increase will prove to be disastrous, says AIFI.
Diese Geschichte stammt aus der March -April 2021-Ausgabe von Forgings Today.
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Diese Geschichte stammt aus der March -April 2021-Ausgabe von Forgings Today.
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