About 15%~20% of the auto parts are Castings produced by different casting methods, these castings are mainly the key components of the power system and important structural components. With the increasing requirements for energy saving and environmental protection of automobiles and reducing production costs, the advantages of casting are fully utilized to achieve lighter weight and higher performance of parts. Engine Block Castings ,Cylinder Block Castings, Vehicle Engine Block Casting, Customized Automobile Mold Castings,vehicle Casting Rear Axle Casting Jinan Haiyao New Energy Equipment Co., Ltd. , https://www.haiyaonewenergy.com
The South Korean Ministry of Finance stated that it has decided to waive the import tariffs on chemical raw materials, thereby curbing inflationary pressures caused by the cost of imports.
Since August 5th, the import duty of high pressure materials and PP, ie 4%, has been waived. In addition, 3% import tariffs on low-pressure materials are also exempted. In total, South Korea eliminated 41 tariffs to protect the domestic economy from the pressure of rising costs. Tariff cancellation will be implemented until the end of this year. In July, annual consumer price inflation in South Korea reached 5.9%, the highest in 10 years.