Rajkot: seeing environmental issues, China, the largest steel producer, has requested its razor factory, especially those in the northern part of the country to reduce production from November to March to curb carbon emissions and lower the pollution of hells is set to accommodate 2022 Olympics.
Again, the ongoing power crisis has forced many companies there to cut production.
In the cracks, the news has left the Rajkot Engineering sector worried because many manufacturers of car parts here are very dependent on imported steel.
Rajkot is the center of the car parts.
According to a rough estimate, the Rajkot technique sector consumes 30 percent of imported steel, the main raw material for the car industry.
“The automotive industry also faces a lack of conductor chips and steel.
Both of them are the main raw materials.” Said Vice President of the Chamber of Commerce and Industry of Rajkot, Parth Ganatra while China has asked other factories to ensure that production figures remain equivalent to the previous year, sector Rajkot Engineering, which has been shaken by raw material prices, is strengthening for more challenges with new developments.
Paresh Vasani, President of Rajkot Engineering Association (REA), said, “Because of the shortcomings of global, Indian steel companies also have a price increase of 50 percent, thus creating survival problems for us.
India produces 25 percent of China’s steel production and under the agenda New to reduce steel production, the worst hit will be the car sector which is the largest steel consumer.
“There are two main branches of engineering and forging and both used in the car industry.
The Rajkot engineering industry also tries to get orders from the defense and train sectors that need high-quality steel.
About 5,000 tons of cast iron steel used in a month for casting supplied by domestic companies, while imported steel is used for many parts of forging.
“Indian steel companies raise prices to utilize the international market.
We need high-quality steel to compete in the global market and have no choice but to import steel,” said an industrialist, who did not want to be identified.
In addition to being used in making irrigation machines for the agricultural sector and tractors, steel is also used in chassis, wheel rim, radiator and many other car components.
“Imported steel is used in many car applications, such as a motorcycle chain,” said Divyesh Aghera a technical industry.