CRML SHEET Offshoring has all but obliterated the US consumer base
Mar 01, 2008 | 01:36 PM
U.S. buyers of semi-processed cold-rolled motor lamination (CRML) sheet are battling global forces as they attempt to hold on to a dwindling market share. Being a small market to begin with, it's not an easy battle.
With few options and little optimism for improved market conditions in the near term, numerous U.S. customers are relocating operations to China and Mexico amid a domestic housing market that continues to lag.
One stamper no longer involved in the CRML business summed up market conditions fairly succinctly "We're not in that business any more. If we were in that business right now, we'd be out of business because all of that business went to China."....
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