Ludhiana: Steel level, especially ingots, has taken dives in recent days, but entrepreneurs say they have increased their problems.
According to employers, the ingot’s level has been dipped in equal to Rs 6,000 per ton and pig iron of 2,000 per ton, but the memo rate, which is an important raw material for ingots and in sewing products and part cycles, has not dropped.
In other problems for them, the customer, whose order is in process, has begun to ask for a discount, quoting a decline in the raw rate Rs 43,000 per ton, but the level of memo, which is associated with ingot rates and around Rs 5,000 to RS 6,000 per ton is cheaper than ingot, has not yet decreased.
It is still quoted on the same scale as Ingot.
This situation has gave a surprise to the local ingot producers Memo is the main component to make it and when available at the same level (like ingots), then why the manufacturer will run their factory and subject to losses.
“According to him Kulwant Singh, Secretary General of the Sewing Machine Development Club,” There was a decline of Rs 2,000 per ton in Pig iron levels recently and are now available for around Rs 42,000 per ton.
But the level of the memo, which is a baha N raw is important for making sewing machines and bicycle parts and casting components from various types, not yet dipped.
Similar to the level of chemical and metal and other workers.
We are in improvement because of this situation, because after knowing about the decrease in pig iron levels, our customers have begun to ask us to reduce the selling price of old orders that are in process.
“According to Rajkumar Singla, the president of the ‘supplier’ fasteners association from Ludhiana,” before we had a problem because of the high level of raw materials of various types, but now the decline in prices some of them have increased our misery.
So until now we don’t buy raw materials or take orders until the level of all connected components also decreases.
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The price of ingot down, there is no change in the memo rates have bizmen in repairs
