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Twin Ladle Heating Furnace in SMS2 of RINL VSP Inaugurated—The 21st China(Guangzhou)Int’l Heat Treatment, Industrial Furnace Exhibition
1/3/2020 热处理展-工业炉展-heat treatment expo-furnace expo |
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Association of Indian Forging Industry recently expressed concern about the lack of demand with respect to fresh orders from the automotive sector. AIFI said that with the ripple down effect of slumping automobile sales, the forging industry is facing the heat with a sharp decline in demand which has resulted in substantial production cuts to the tune of 25 to 30%. AIFI president Mr S Muralishankar said that “The recent slew of festivals saw few car manufacturers reporting a decent increase in sales at the retail level. As a result, we witnessed inventory clearance at the dealer level. The production and demand at the manufacturing level haven’t seen any upward movement because of which the forging and auto-component sector continue to reel under the Auto slowdown."
He added that "Currently, there is a huge inventory build-up due to poor demand and to curb this many forging units have been making proportionate cuts in terms of working hours and production.”
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