November 27, 2021

Industry Research News

Just another WordPress site

China Slows Down Steel Production, Rajkot Steel Industry in India Affected

China Slows Down Steel Production, Rajkot Steel Industry in India Affected

China is the largest producer of Steel in the entire world, but owing to its environmental concerns, China has asked its steel mills, mainly those who are in the northern part of the country to minimize the production. They have planned to reduce the production from November to March in order to maintain carbon emission and bring down air pollution especially for hosting the 2022 Olympics. However, ongoing power crises have already made a compulsion for many companies to cut down production.

The announcement has caused concern in the Rajkot engineering sector as a result of the massive impact as most of the automobile parts manufacturers are dependent on imported steel. There is no doubt that Rajkot is a hub of automobile parts. As per a rough estimate, about 30 percent of imported steel is used by the Rajkot automobile engineering sector.

The president of the Rajkot Chamber of Commerce and Industry stated that there is a shortage of conductor chips and steel as these both are raw materials used in auto engineering.

China has directed its mills to ensure that their production figures remain on par with the previous year. On the other hand, the Rajkot engineering sector, which is already facing production deficiencies due to high material prices including steel, is also facing challenges for development.

Engineering casting and forging are the two main divisions of engineering, and both are used in the automotive sector. Rajkot’s engineering industry also strives to secure contracts from the defense and railways industries, both of which demand high-quality steel.

Steel is utilized in chassis, wheel rims, radiators, and many other parts of automobiles, in addition to irrigation equipment for agriculture and tractors.

live casino malaysia mega888 pussy888 xe88 apk joker123 super 8 ways ultimate online casino malaysia live22 mega888 免费电影 online casino malaysia 918kiss