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Chinese imports, high steel prices dent forging industry

Chinese imports, high steel prices dent forging industry
Manav Mander
Tribune News Service

Ludhiana, June 12
Forging industry in the country is facing twin challanges of rising prices of raw material and stiff competition from China. The majority of the forging units are struggling to get buyers as customers are opting for low-cost imported Chinese products.

Declining sales and cheap imports in domestic market have pushed several small forging units to the verge of closure.

“Stiff competition from China coupled with high input costs has raised concerns among SMEs about their competitiveness and sustenance,” said Deven Doshi, President, Association of Indian Forging Industry.

Dumping of low-priced goods in the domestic market by Chinese manufacturers is alarming as it is eating into the market share of the small-scale forging units.

A large number of SMEs are incurring losses, added Surinder Mehta, another industrialist.

Influx of cheap Chinese forged components in India has not only cast a gloom over the profit outlook of the domestic small-scale industries but was also a threat to foreign direct investment (FDI) inflow.

To resolve this issue and prevent losses, SMEs in the forging sector are seeking imposition of stringent anti-dumping laws and more tariff barriers on Chinese goods.

Rising prices of raw material has also made the industry un-competitive. “There is no control over the rising prices of steel. On June 1, steel prices were increased by Rs 1,750 a tonne. The government should keep a check on the rising prices of steel and Steel Price Regulatory Authority should be formed,” said Doshi.

There has also been has an increase in furnance oil prices. The North Western region of the country uses 70 per cent of furnace oil, but government refineries had stopped producing furnace oil and were producing pet coke from heavy distillate, added Doshi.

MMTC to enhance wind power capacity
Shubhadeep Choudhury
Tribune News Service

Gajendragad (Karnataka), June 12
Wind on this hilltop town of Gajendragad, 700 m above sea level, is strong enough to keep the rotors of wind turbines set up there running at a fair speed and generate electricity. The power generated is transferred to the grid for use by the consumers of the Hubli Electricity Supply Company (affiliated to the Karnataka Power Transmission Corporation Ltd or KPTCL) at Rs 3.

Gas Furnace Prices « Best Price Deals

Gas Furnace Prices Article

As the colder weather is approaching in many parts of the world, there of course are a number of people who are thinking of replacing their older versions of gas furnace with something that is new and much enhanced. While searching the present market it is certain that you might come across furnaces that are more efficient and affordable. Hence if you are looking around for some thing that is very much cost efficient then it is certain that you have to make a comparison amongst diverse gas furnace prices available in the current market. It is very much essential that you try and make a selection that is very much reasonably priced and provides with genuine heating solutions.

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