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Steel shortage could cause equipment costs to soar

Municipal equipment manufacturers are being badly hit by the high price of steel, the European Municipal Equipment Manufacturers Association (VDMA) has warned.And it has cautioned that manufacturers may have to increase prices to compensate. The VDMA believed that the raw material market was in the midst of a crisis with the emergence of Chinas manufacturing centre catching out the world suppliers of steel. Steel is a key material for equipment manufacturers, ...