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Cored Wires: Difficult Cash Flow Prompt Producers to be Prudent on Orders

  • Monday, August 24, 2015
  • Source:ferro-alloys.com

  • Keywords:cored wires cash flow order payment term
[Fellow]Reduced orders, slim profit, together with delayed payment, many cored wires companies encountered with cash problems. They stayed alert on market; make to order and cash payment became their choices.

[Ferro-Alloys.com] Reduced orders, slim profit, together with delayed payment, many cored wires companies encountered with cash problems. They stayed alert on market; make to order and cash payment became their choices.

Anyang Yonghong Metallurgical Materials Co., Ltd is located in Anyang. With fast links to Jingguang railway, Jingzhu expressway, the road network entitles metallurgy industry a competitive edge. 

Yonghong was engaged in producing cored wires, inoculants and alloys. They owned 6 lines making calcium, CaSi cored wires. 

Sales Manager introduced current situation by saying that now they were in trouble of cash flow due to debt and delayed payment from customers. Now they chose carefully on orders, only accept cash payment.

Now they relied on alloy business to survive the hard times.

  • [Editor:Zhang Xing]

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