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Forging and steel industries both affected by unpredictable steel price

By:  
Creamer Media Writer
 
Owing to the volatile and unpredictable steel price from local raw steel mills, the steel industry is looking less to locally-forged parts and equipment, and more to imports, says steel supplier and processing company Allied Steelrode. “As an industry – and in common with the forging industry – we are also really at the mercy of the current steel price volatility. As much as we believe in purchasing locally, and would really like to continue doing so, this pricing volatility is making imports so much more attractive right now.
 
 
 
 
 

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