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China excavator prices rise on higher input costs

Some domestic yellow goods dealers in East and Central China have begun raising sales prices of their heavy equipment beginning late February, trying to offset higher manufacturing costs caused by climbing input prices including those of steel, Mysteel Global has learned.
For example, a dealer in East China’s Anhui province recently announced that from March 1, it would raise prices of all excavators produced by Xuzhou Construction Machinery Group Co, according to a pricing document seen by Mysteel Global. The dealer advised that sales prices of small-sized excavators would climb by

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