Eddie Precision: CNC cutting products prices will be significantly increased starting from March 1st.

According to Edi Precision, due to the continuous increase in the prices of key raw materials such as tungsten carbide, cemented carbide, and powder metallurgy high-speed steel, the production costs of the company's CNC blades, solid carbide cutting tools, and gear cutting tools have increased. Therefore, it has been decided to raise the prices of relevant products. Starting from March 1st, all new orders will be implemented at the adjusted prices. "The price of tungsten powder is changing daily. Currently, tungsten powder costs more than 2 yuan per gram, equivalent to the price of silver before the current round started. The company raised product prices by 30% in January, and this time the increase is also relatively large," said a responsible person from Edi Precision. The prices of scrap alloys are also rising, downstream customers have anticipated the price increase of the company's products, and acceptance is also good.