Over the past few years, the metal industry encountered numerous challenges. Rising raw material and transportation costs posed profitability hurdles for several metal manufacturers. Additionally, the pandemic disrupted the supply chain, resulting in factory closures, workforce shortages, and shipping delays across the country.
However, the metal industry is anticipated to experience a rebound in 2023, driven by the upsurge in urbanization, continued industrialization, and technological advancements in the metal space.
