Place in Austria making razors for paring down (4)

I believe the answer is:

graz

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'paring down' is the definition.
The definition suggests a singular noun which matches the answer.

'place in austria making razors' is the wordplay.
'place in' says the answer is hidden in the clue (I've seen 'placed in' mean this).
'GRAZ' can be found hidden inside 'austria making razors'.

'for' is the link.

Can you help me to learn more?

(Other definitions for graz that I've seen before include "Austrian location" , "European capital" , "somewhere in Austria" , "Austrian city" .)

I've seen this clue in The Times.

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