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"Not Behind Us": Major US Tool Distributor Warns Tungsten Cost Shock Is Hitting Factory Floors
"Not Behind Us": Major US Tool Distributor Warns Tungsten Cost Shock Is Hitting Factory Floors
Speaking at the Jefferies Industrials Conference earlier on Wednesday, MSC Industrial executive Martina McIsaac warned of a tungsten supply shock rippling through the company's supply chain and continuing to drive up industrial tooling costs.
McIsaac told Steve Volkmann, an industrial analyst at Jefferies, that inflation affecting tungsten carbide inputs is "in the neighborhood of 500%" and said suppliers were still passing higher costs through the manufacturing chain.
Cutting tools represent about 15% of MSC's revenue, making tungsten...
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