THE PRICE OF BRAKE DISC IN OUR COMPANY HAS GONE UP.
As the price of raw materials has risen by more than 100%, the price of our brake disc has increased by 5%. It is expected that the price will rise again in the near future.
Due to the over-printing of US dollars by the US government, and because the US dollar is the most widely used international currency, a large number of excess US dollars have flowed into the international market, leading to a rapid rise in international commodity prices. Now the price of iron ore has doubled. The raw materials for our brakes have also risen by 100%. As brake manufacturers, we have to raise prices.
Now we do not make a profit in the production of brakes. I hope our customers will understand.