Leaf springs are critical suspension components predominantly used in commercial vehicles, trucks, and agricultural machinery, with demand tightly coupled to global vehicle production cycles. China and India are dominant low-cost suppliers, making country-of-origin verification essential for anti-dumping duty compliance in the EU, US, and other major markets. Steel input costs and energy prices for heat treatment are the primary price volatility drivers, and buyers often source under long-term OEM supply agreements to stabilize pricing.
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