Indian Foundry Industry

This ground report from Howrah talks about how the mid-sized and smaller players lost ground

Many have been forced to drastically prune operations, taking a toll on workers' wages

Foundries usually absorb commodity price rises of 2-3% every year. But in the past one year, prices of several commodities rose 60-150%

Hit by surging input costs, the foundry industry in the country has demanded reduction of import duty for pig iron and other raw materials, an official said on Friday.

In industries like automobiles, where foundries have a margin of 7-8 per cent, passing over the increase in cost is the only option available

In industries like automobiles, where foundries have a margin of 7-8 per cent, passing over the increase in cost is the only option available

In industries like automobiles, where foundries have a margin of 7-8 per cent, passing over the increase in cost is the only option available