By ChinaFastener.com| 2016-11-21 00:00:00
By CFM| 2016-11-04 00:00:00
By CFM| 2016-11-03 00:00:00
By CFM| 2016-11-01 00:00:00
By K. R. SRIVATS ,2016-12-01 00:00:00
NEW DELHI, NOV 30: The Finance Ministry has imposed a definitive anti-dumping duty on 'axle for trailers' imported from China. This duty will be valid for a period of five years. Based on the recommendation of the Designated Authority in final findings in September, the revenue department has imposed anti-dumping duty that ranged from $0.14 per kg to $0.46 per kg depending on the producer. An 'Axle for Trailer' is a vehicle part and an accessory. It is essentially an assemblage of a beam/bar and other components such as brake drum, brake shoes and bearings that connect the two wheels of a trailer, and functions as an axle for the trailer. Yorkshire Transport Equipment (India) Pvt Ltd had filed the petition seeking anti-dumping duty on 'Axle for Trailers' from China. Source:The Hindu Business Line
By Nikkei Asian Review ,2016-11-28 09:05:53
TOKYO -- Japan will make it easier for domestic producers to seek extra tariffs on foreign exports priced significantly lower than goods made at home. The Ministry of Finance will announce changes to the anti-dumping filing requirements during a meeting of its tariff and foreign exchange council on Thursday. It seeks to include them in the fiscal 2017 tax revisions. Anti-dumping measures, used to protect domestic industries, typically involve charging an additional import duty to make up for differences in price. Taking action against dumping is permitted by the World Trade Organization. In Japan, in order to launch an investigation to determine whether dumping is taking place, producers making up at least 50% of the product's market share need to collectively file an application. Now the finance ministry aims to change the requirement from fiscal 2017 to allow producers totaling 25% of market share to file a request. Japan only made use of the system once between 2010 and 2015, due to stringent requirements set by the Ministry of Finance. In the same period, the U.S. took action 54 times, while China did 36 times. South Korea used the method in 15 instances. Arguing that the stringent requirements are making it harder to file requests, the trade ministry had been asking for revisions. Source: Nikkei Asian Review.
By Stephanie Nebehay, Catherine Eva ,2016-11-22 16:46:34
China has filed an appeal against a ruling by the World Trade Organization (WTO) in a dispute over methodologies used by the United States to calculate anti-dumping tariffs targeting Chinese imports, a WTO statement said. In the dispute panel ruling released last month, China won the bulk of its WTO complaint brought in 2013 against certain U.S. methods of determining anti-dumping duties on Chinese products. But some points of China's argument were rejected by the WTO panel, including a claim that the U.S. Commerce Department systematically punishes Chinese state enterprise by assigning them high anti-dumping rates. Dumping is normally found when a foreign producer's U.S. prices are lower than its home market prices for the same or similar goods, or when the imports are sold at prices below production costs. (Reporting by Stephanie Nebehay; Editing by Catherine Evans) News from Reuters.
By SinoMedia ,2016-11-30 08:41:57
China's cabinet says it has "basically completed" its targets this year to reduce excessive production capacity in the nation's steel and coal sectors, but analysts have questioned whether the government's campaign will have any real impact. Premier Li Keqiang ordered his ministers and local officials to shut down 45 million tonnes of steel capacity this year, and local officials have declared to Beijing they have done their part. But analyst say as China's output of crude steel was only 800 million tonnes last year, it meant about 500 million tonnes of production facilities remained idle in 2015 and so shutting down 45 million tonnes of capacity makes little difference to China's actual steel production, according to the South China Morning Post. News From SinoMedia.
By Fitch Ratings ,2016-11-30 00:00:00
Fitch Ratings expects Chinese steel exports to remain at around 100 million metric tons (Mt) in 2017, due to flat ‘apparent’ consumption and slow capacity rationalisation. Fitch expects Chinese apparent steel consumption to remain between 700-705 million Mt, reflecting decelerating property growth, stable infrastructure investment growth, and a favourable outlook for Chinese automobile and appliance consumptions. On the other hand, we expect capacity rationalisation to remain a key theme of the sector, with a target of 14 million-27 million Mt per annum until 2020. As a result, exports should remain high in 2017 as Chinese producers continue to benefit from a cheaper yuan and lower raw-material prices. We also expect additional state-backed consolidation in the next few years as government executes its plans for supply-side reform, leading to potentially enhanced government linkages between these companies and the state. The full report “2017 Outlook: China Steel” is available at www.fitchratings.com or by clicking on the link in this media release. Source: Fitch Ratings
By CNA ,2016-11-28 08:39:27
The Ministry of Finance (MOF) has issued a final decision finding steel exporters from six countries, including China and South Korea in violation of Taiwan’s anti-dumping rules by selling their products at unfairly low prices in the local market. The MOF said that the ministry has sent the steel dumping decision to the Ministry of Economic Affairs (MOEA), which is expected to make a decision on damage caused by these steel vendors from the six countries. In addition to China and South Korea, the MOF’s final decision also listed firms from Indonesia, India, Brazil and Ukraine, according to the ministry. After the MOEA’s decision on damage caused, the MOF said, it is expected to impose anti-dumping tariffs, ranging between 4.02 percent and 80.5 percent, on the companies no later than in February. The financial punishment will last for five years, the ministry said. The decision comes after two motions on anti-dumping accusations were filed by six steel makers in Taiwan, including China Steel Corp. and Yieh Phui Enterprise Co. Ltd., the MOF said. One accusation said that vendors on certain flat-rolled steel products plated or coated with zinc or zinc-alloys from China and South Korea dumped their products at unfairly low prices in Taiwan. The other accusation pointed out that exporters on carbon steel plates from Brazil, China, India, Indonesia, South Korea and Ukraine violated Taiwan’s anti-dumping law. Hsieh Ling-yuan, deputy director-general of the MOF’s Customs Administration, said that after an investigation into the accusations, the ministry has found that exporters from the six countries did violate Taiwan’s anti-dumping rules. According to statistics compiled by the Customs Administration, the six countries sold a total of NT$11.55 billion (US$362 million) worth of steel products to their Taiwan customers in 2015. China accounted for 67.3 percent of Taiwan’s imports of steel plates coated with zinc or zinc alloys to become the largest supplier of those products here last year, while South Korea made up 34.2 percent of Taiwan’s imports of carbon steel, making itself the largest vendor of that product to the Taiwan market, the data showed. Among the steel vendors from the six countries, POSCO of South Korea is likely to face the lowest anti-dumping tariff of 4.02 percent, while other South Korean firms could be imposed the highest penalty of 80.5 percent, the MOF said. For its part, the MOEA said that its International Trade Commission will conduct a survey, hold hearings and launch a probe over the next 40-60 days to determine the damage caused by dumping. The MOEA said that during this period, any related persons to the two cases are allowed to file their motions to express opinions on the dumping accusations before the commission makes a decision on the damaged caused. The commission is comprised of 12 commissioners: four from the government and eight who are either from the academic circle or are international trade experts. Source: CNA
By Southwest Fastener ,2016-11-25 11:00:37
PHOENIX, AZ — Southwest Fastener LLC, a distributor of custom fastener solutions for utility scale projects, has announced that Ron Stas has joined their team as business development manager. Stats' expertise in manufacturing, combined with Southwest Fastener’s experience supplying product for over 7 gigawatts of Global Solar Installations enhances Southwest position as one of the most recognized vendors in the engineering, procurement and construction (EPC) arena. Southwest Fastener has locations in Phoenix, Tucson, Albuquerque and now Dallas. With more than 14,000 SKU’s, they are a full line distributor of fasteners, hardware and tools, servicing the industrial, construction, solar and waterworks industries. For more information, visit their website at www.swfastener.com. News From Industrial Distribution.
By DPA Buying Group ,2016-11-25 00:00:00
Independent distributor/supplier association DPA Buying group has announced that Schaumburg, IL-based fastener manufacturer and distributor Axxis has joined the group as a new member. Axxis is a manufacturer and distributor of fastening tools and fasteners for industrial, packaging and wood-to-wood applications. Axxis has developed a lineup of brands including Apach, Klinch-Pak, Josef Kihlberg, Complete, Rapid, Bostitch and Axxis. Axxis' product range includes a variety of nailers and staplers, tackers, industrial and construction fasteners. News from Industrial Distribution.
By ChinaFastener.com ,2016-11-21 00:00:00
Based on the statistics of www.customs-info.com, Germany is the second largest country of quantity of China’s fastener import products in September, 2016 totaling 4,631,804 kg with the average price of 9,378 US$/ton while it ranks the sixth of China’s fastener export products in September 2016, totaling 9,521,934 kg with the average price of 1,528 US$/ton. We could see that there are close trading relationship of fastener products between China and Germany. However, the average price of fastener products imported from Germany to China is much higher than the average price of fastener products exported from China to Germany. To find out the reasons of the huge differences, ChinaFastener.com is organizing a group of leaders of Chinese companies to explore the market of Europe. The exploring journey will be from March 25th 2017 to April 2nd, 2017. Let’s see the features of our journey. 1. Visiting one of the three largest exhibition in fastener industry -- The 7th Fastener Fair Stuttgart which could help us know more about European market; 2. Visiting Germany local hardware market which could help us develop the market; 3. Visiting European companies and distributors to communicate with overseas entrepreneurs and to learn high-end technologies; 4. Experiencing European local culture to help you know more about the needs and requirements of local people. As the world’s leading exhibition for the fastener and fixing industry, Fastener Fair Stuttgart offers exhibitors an international platform for the presentation of the latest products and developments from all areas of fastener and fixing technology. A total of 11,060 visitors and 832 exhibitors attended the previous show.The exhibition covers the complete spectrum of fastener and fixing technology: industrial fasteners and fixings, construction fixings, assembly and installation systems and fastener manufacturing technology. Our Schedule Day 1: March 25th, 2017 – Arrive in Frankfurt Day2: March 26th, 2017 – Visit Frankfurt Day 3: March 27th, 2017 – Visit local fastener companies; Day 4: March 28th, 2017 – Visit the 7th Fastener Fair Stuttgart; Day 5: March 29th, 2017 -- Visit the 7th Fastener Fair Stuttgart and local companies; Day 6: March 30th, 2017 – Visit local companies; Day 7: March 31st, 2017 – Visit Cologne and local companies; Day 8: April 1st, 2017 – Visit Amsterdam – the largest city in Netherland; Day 9: April 2nd, 2017 – Visit Keukenhof and Van Gogh Museum. Come back to China. Welcome to join us to have a great journey or meet us at the 7th Fastener Fair Stuttgart . Contact Person: Ella Leung Tel: 020-8227 0680 – 812 Phone: +86 186888787636 Email: [email protected] QQ: 550488805
By CFM ,2016-11-03 00:00:00
On Oct. 26th, National Industrial Fastener & Mill Supply Expo 2016 was successfully held at Sands Expo & Convention Center, Las Vegas NV USA. ChinaFastener.com went to the show with 20 leaders of 20 famous companies in China. Let's go to the largest fastener exhibition in the world. Based on the official statistics, the show has attracted up to 751 exhibitors, 105 exhibitors more than that of last year, most of which were American fastener distributors and manufacturers were the few. There were many kinds of products at the show, such as building products, hardwares, equipment, various types of screws, bolts, rivets, hand tools, etc. FABORY LINKWELL Safety Socket According to our reporters, there were 169 Chinese companies taking part in the exhibition, occupying about one quarter of all exhibitors. Most of them comes from Jiangsu, Zhejiang, and Shanghai, and a few of them comes from Guangdong. Standard fastener products manufacturers occupied a large proportion and equipment manufacturing companies were the minority. Jiangsu Washen, Shanghai Fast-Fix, Foshan Guangqingchang, Haiyan Fujian, Haiyan Jinling, Ningbo Fastener Fastory, Jinniu Standard, Shanghai Rivet and other famous fastener companies showed up at the exhibition. Jiangsu Washen Haiyan Jingling Shanghai Rivet Shanghai Fast-Fix Haiyan Fuxin Ningbo Fastener Fastory Haiyan Jinniu At the exhibition area without Chinese companies, there were crowded with visitors, and every booth has attracted numerous people. Based on our reporters, almost every distributor and some manufacturers has purchased fastener products, mainly screws and bolts from China. The products they bought were mostly from Shanghai. Thus, we could say that China-made fastener products has occupied a large proportion in US market. In addition, part of manufacturers purchased materials from other countries, and do the manufacturing in America. They primarily look for the quality of products even if the cost would be higher. Chinese companies thought that many visitors were coming to other areas and relatively less visitors came to the area with Chinese companies but they could still got many great buyers and the promotion was successful. They thought it's the most direct way to develop a market by going out to face the market. Some companies thought that e-commerce was less direct than face to face communication. If a business was done through email or mobile phone without face to face communication, they could not ensure the quality of products and integrity. Quite a lot of Chinese companies felt that it's becoming more and more difficult to do the business every year. Due to the increasing labor cost, the emerging of new markets like Southeast Asia and India, the anti-dumping policies of other countries and other factors, Chinese companies were facing great challenges together with opportunities. The only way to overcome the difficulities is to improve the quality of their own products and enhance the sense of service. Once you stop moving but others keep going ahead, you will fail. As the cooperating media of this exhibition, ChinaFastener.com came to the exhibition and brings back the information. At the same time, our ChinaFastener Magazine has attracted many foreign companies.
By Yuka Obayashi ,2016-11-22 15:29:55
Tokyo Steel Manufacturing Co., Ltd. said on Nov.21st, 2016 it would raise the prices of all of its products by 5,000 yen ($45.12) per tonne for December delivery, reflecting a rally in raw material prices and higher product prices abroad. Tokyo Steel's pricing strategy is closely watched by Asian rivals such as South Korea's Posco and Hyundai Steel Co and China's Baoshan Iron & Steel Co (Baosteel) that export to Japan. The flat increase means product prices for Japan's top electric-arc furnace steelmaker will rise by about 7 to 11 percent in December depending on the product, Tokyo Steel's managing director, Kiyoshi Imamura, told reporters. The increase comes amid rising prices for scrap metal and a series of price hikes by global steel mills to pass on surging coking coal prices, he said. Tokyo Steel left its prices unchanged in November but cut October delivery prices by up to 13 percent. "Global steel market has entered in a clear bullish trend as steelmakers worldwide have been boosting product prices in the face of surging coking coal prices," Imamura said. Recycled scrap metal, a main feed material for electric-arc furnaces, has soared by 5,000 to 7,000 yen a tonne since hitting a bottom in August, tracking a rally in coking coal, a key steelmaking material for blast furnaces, he said. Coking coal has more than tripled this year as China, the world's biggest coking coal producer, has cut supply to curb overcapacity and pollution. Based on the flat increase, prices for the Tokyo Steel's main product, H-shaped beams, which are used in construction, will climb by 8 percent to 70,000 yen per tonne. Steel bars, including rebar, will rise by 11 percent to 52,000 yen. The company produces 15 different steel products. This is its first across-the-board price hike since May. "If the bullish trend in steel market continued, we may raise product prices again for January delivery," Imamura said. However, his market outlook was cautious, adding the recent rally has been driven by higher raw material costs instead of stronger demand growth and tighter supply. "We are not so confident that the steel market's rally will continue as the fundamental problem of oversupply due to China's massive output has not been changed," he said. ($1 = 110.8200 yen) (Reporting by Yuka Obayashi; Editing by Biju Dwarakanath and Christian Schmollinger) News from Reuters. Any copyright is owned by the original author. Please kindly inform us if there is any infringement of copyright.
By steelhome.cn ,2016-09-23 15:17:54
Zenith Steel Group Company Limited has successfully launched a new type of steel – a high strength bolt steel recently which is the 27th new product of the company. At present, the steel has been on trial by their clients. It has expanded the products types and standards of the company’s special and superior steel and bar materials. During the earlier phase of the development, the R&D center of Zenith Steel Group designed proper technology parameters, controlled technological difficulties in steelmaking and rolling after researching for some technical information and deeply capturing of customer's requirements based on the current successful development experience of cold heading alloy steel and the features of the steel. During the manufacture of the steel, the company arranged relevant staffs to follow, observe and summarize the whole process. The R&D center, Steelmaking department, Rolling Department, Quality Control Department and other staffs worked together during the development process and the high strength bolt steel 35VB was developed by one time. After the examination of rolled products, all technical indicators meet the requirements of clients. What’s more, the company has rolled the steel in various standards and now the products has been sent to clients. We have been told that 35 VB is the steel for the production of high-class Grade 10.9 Steel Bolts which are widely applied to large machines, architecture, electricity and other industry. Because bolts directly transfer alternating load which leads to alternating stress. The bad application environment and high operating stress require good quality of the bolts which directly influences the service life of those machine. Due to these reasons, 35VB must have advantages like high strength, sound plasticity and toughness, high impact tenacity and high fatigue strength. The steel is a new developed high-value-added product which has certain difficulties in producing. Since 2016, Zenith Steel Group steps up efforts to develop more high-end products based on the “522” development strategy (that is 500,000 tons of steel of super quality, 2 million tons of fine steel and 2 million tons of special steel). According to statistics, the R&D center of the company has developed 27 types of steel, in which 21 types of bar and6 wire rods. The fine steels and special steels have occupied over 50% of all producing steels in the company. The article is from steelhome.cn. Any copyright belongs to the original author. Please kindly notice us if there is any infringement of copyright.
On Oct. 19th, 2016, Korea Metal Week 2016 was held on Hall 1,2, Exhibition Center I of KINTEX, S. Korea, lasting for 4 days. It includes 11 exhibitions, 16th Fastener & Wire Korea, 12th Die Casting & Foundry Korea, 10th Automobile, Shipbuilding & Machine Parts Korea, 16th Press & Forging Korea, 17th Tube • Pipe Korea, 4th Metal Surface Treatment & Painting Korea, 3rd 3D Printing Technology Korea, 4th SAMPE Korea 2016 & KOREA Composite Show, 2nd Aluminum Korea, 1st Laser & Sheet Metal Processing Korea. The show covers an area of 21384sq.m, in which there are more than 10,000 booths. Since 2013, the number of exhibitors of Korea Metal Week has increased from 281 to 500. There are various kinds of companies in the show, such as manufacturers of automobile parts, shipbuilding parts, and building materials, etc. The products exhibited in the show are components, end products, and machines, etc. Based on our reporter, there are 36 Chinese companies going to Korea to take part in the show, such as Shanghai Rivet Manufacture Co.,Ltd, Suzhou Washen Import & Export Co., Ltd, Hebei Hengcheng Fastener Co., Ltd, JiaXing JinLong Standard Parts Co.,ltd, Ruian Yipin Stainless Steel Products Co.,Ltd, Dongtai City Huawei Standard Component Co.,Ltd., Shanghai Fast-Fix Rivet Corporation, Ruian Machinery Manufacturing Co., Ltd, Baoji Unique Titanium Industry Co.Ltd, etc. Baoji Yunda Metal Materials Co., Ltd Jiashan Wuzhou Oilless Bearing Co., Ltd Jiashan Jingye Import & Export Co., Ltd There were not huge crowds in the Show on the first day, but in general, the show was bustling. From the statistics of the past Shows, there would be more and more people coming to the Show and usually, on the third day, the number of visitors would peak. It's expected that there will be more visitors in the next three days. Korea Metal Week 2016 emphasizes technology innovation. The newly 1st Laser & Sheet Metal Processing Korea and 1st Root Industry Korea aim at satisfying the huge demand of the changing machinery market and elevating the development of the industry. ChinaFastener.com also went to Korea to participate the Metal Week with our lastest issue of ChinaFastener Magazine. We actively helped Chinese companies develop their overseas market, at the same time, we interviewed those exhibitors to know the situation of market and the development of these companies.
On Oct. 10th, the Five Regions Fastener Association Conference 2016 was held on Jeju Island, South Korea. As an annually-held event in fastener industry, the conference has got popular attention. The conference was hosted by Korea Federation of Fasteners Industry Cooperatives and near 200 people attended this conference, including leaders of associations and representatives of celebrated companies in mainland China, Taiwan, Hong Kong, Korea and Japan. The theme of this conference is Smart and Green Factory. As a famous medium in fastener industry, ChinaFastener.com was invited to the conference. Here is the report of the biggest conference of fastener industry in Asia. The conference was held in two stages. At the beginning, Cheung Hancheong, the president of Korea Federation of Fasteners Industry Cooperatives addressed a speech to welcome all people working in fastener industry of the five regions and hoped the conference could provide a stage to communicate, cooperate and to achieve a win-win result. After the speech, leaders of The Fasteners Institute of Japan, China General Machine Components Industry Association, Taiwan Industrial Fasteners Institute, Hong Kong Screw and Fastener Council made great speeches respectively one by one. Masaki Aizawa, President of The Fasteners Institute of Japan Wang Changming, Excutive Vice Director of CHINA GENERAL MACHINE COMPONENTS INDUSTRY ASSOCIATION Anchor T.H Chang, Chairman of Taiwan Industrial Fasteners Institute Shirley Wu, Chairman of Hong Kong Screw and Fastener Council Following their speeches were presentations of representatives of some associations and celebrated companies. These presentations focused on the theme and they thought that innovation, technology and green smart factories were the tendency of the industry in the near future. In the conference, representatives of each associations gave gifts to each other and showed their friendship to enhance cooperations and to strengthen links with each other. At the end of the conference, it's announced that next year's conference is going to be in Japan and the president of The Fasteners Institute of Japan addressed great hope to the conference next year and invited all representatives to attend the conference. The conference not only enhanced the communication and information exchange among people in fastener industry to advance the friendship among these countries and regions but also provide a cooperation stage for fastener companies and help them know more about the development situation of each country and region. It's a conference of profound importance for the development of the industry. Guests from different countries and regions were attending a banquet given by the host in Lotte Hotels & Resorts. The host has prepared great performances. The dinner ended up in a friendly and happy atmosphere. ChinaFastener.com will keep updating the news of the conference. If you are interested in the event, please follow us.
The opening Ceremony of Metalex Vietnam 2016 was officially kicked off at 9:00 – 10:00 a.m. on October 6th, 2016 in Saigon Exhibition & Convention Center, Ho Chi Minh city and hosted by Reed Tradex. The opening ceremony was presided over by Chief Representative of Japan External Trade Organization (JETRO Ho Chi Minh City), Mr. Takimoto Koji, Director of Investment and Trade Promotion Center of Ho Chi Minh City, Mr. Phan Thiet Hoa and Managing Director of Reed Tradex, Mr. Isara Burintramart who encouraged manufacturers to find technologies, solutions, and connections that would elevate their business to the international stage. This year’s theme is Exchanging ideas, discovering innovative solutions, and making trends matters. As a medium keeping up with current affairs in fastener industry, ChinaFastener.com showed up in the exhibition with our latest issue of ChinaFastener Magazine. The magazine attracted many people's interests. With the huge dimension of over 500 brands, 25 countries accompanied by 8 Pavilions from China, India, Japan, Korea, Taiwan, Tokyo Metropolitan Government and Thailand. Over 15,400 visitors has visited the exhibition. Most exhibitors were manufacturers of various kinds of machines, such as medical equipment manufacturer, mold manufacturer, drill machine, milling machine, metal parts and electric parts manufacturer, and fiber laser machine manufacturer etc. and modern design software supplier, automatic machine and device, electrophoresis technologies, water solution system, CAD/CAM software.There were so many kinds of products in the show, for example, building machine, hardware, software, air compressor, hydraulic puller, laserTek, ferrite core, video measuring system, scara robot, AC Servo Motor, support unit, quick change, desk rotary, etc. Most exhibitors came to the show for expanding their brands. They believed that Vietnam was a new market worth developing and the show was a perfect stage for them to develop Asian market. Many visitors came there to seek cooperation, new technologies and innovations. They aimed to develop their products and the new market. As an emerging market, Vienam did attract many companies. In recent years, Vietnam's economy is growing rapidly and China and Vietnam are enhancing cooperation. Based on some researches, in 2015, the trade volume between China and Vietnam reached up to US$ 95.819 billion, which accounted for 2.4% of China's total foreign trade volumn with 14.6% growth year on year. China has been the biggest trading partner of Vietnam for 12 years, the largest source of imports of Vietnam and the fourth largest export market of Vietnam. Vietnam has become the second largest trading partner of China among ASEAN following Malaysia. In 2015, China has exported 51,372 tons of fastener products to Vietnam, which was worth US$ 162,805,602. It's reported that demands for fastener products in engineering machines and automobiles industry inVietnam proved strong. However, due to the weak industrial foundation, the demand could not be satisfied by Vietnam's own manufacture market. Therefore, this is an opportunity for Chinese companies to develop the market. Chinese companies should seize the chance to go into the market with good quarlity and low price products.
The 19th Mechanical Components & Materials Technology Expo Osaka (M-Tech Osaka) solemnized its opening in INTEX OSAKA at 10:00 a.m. on Oct.5th, 2016. The exhibition lasted for 3 days and ended on the last day of China's National Day. According to our reporter, there were six pavilions and most of fastener companies were at the third pavilion. From Oct. 5th to Oct. 7th 2016, the exhibition attracted many buyers and suppliers. Based on our reporter, there were near 16 companies from mainland China taking part in the exhibition, such as Hangzhou Quanling Standard Component Co.,Ltd, Hangzhou Starfix Hardware Co., Ltd, Jiashan Lianchuang Plastic & Hardware Factory, etc. Hangzhou Quanling Standard Component Co., Ltd Hangzhou Starfix Hardware Co., Ltd Jiashan Lianchuang Plastic & Hardware Factory Jiashan Yongxin Fastener Co., Ltd Jiaxing Zhapu Creativity Hardware Co., Ltd Ningbo ABC Fastener Co., Ltd Ningbo Jinding Fastener Piece Co., Ltd Ningbo Qunli Fastener Manufacture Co., Ltd Zhejiang Chaoboer Hardware Co., Ltd Xingyi Fastener Co., Ltd What's more, from the experience of our reporter, Japanese companies in the exhibition attached great importance to new technologies and products, and they endeavored to promote the new technologies and products. What's more, many Japanese companies would try to show their products and let audiences use their products. On the basis of statistics of Luosi.com, mainland China has exported about 12,000 tons of fasteners products to Japan in August 2016, at the same period, the amount of import of mainland China from Japan was about 7,600 tons which far exceeded the amounts of import from German (4,785 tons) and the USA (1,965 tons). The amount of money of export of China from Japan was US$ 2,193,943 while the import summed up to US$ 68,909,820. From the data, we could see that Japan had larger demand than other countries and China and Japan have strongh trade contacts. Based on our reporter, Japanese buyers are willing to buy fastener products from Chinese companies. ChinaFastener.com is one of the media partners of M-Tech Osaka. We showed up in the exhibition with the lastest issue of ChinaFastener Magazine (Booth No. Hall 3 No. 15-41). ChinaFastener Magazine During the exhibition, our magazine has attracted many buyers and we gave them our magazine and introduced many Chinese companies to them. We sincerely welcome all fastener companies to advertise in the 21st Issue of ChinaFastener Magazine which will be published in February 2017!
Based on the annual statistics from The World Steel Association, the global per capita apparent consumption of finished steel in 2015 has declining for two consecutive years, which decreases to 208.2 kilograms, 4.1% decreased comparing with the volume of 217.1 kilograms of last year and 4.4% decreased comparing with the volume of 217.8 kilograms in 2013. However, the consumption of 2015 is still higher than that of 2012. In Asia, there is a sharp decline of China’s average consumption of steel in 2015. The average consumption of steel in Japan and Taiwan decline to 497.3 kilograms and 750.6 kilograms respectively. On the contrary, the consumption of India and South Korea keep growing and India reaches its highest record of 60.6 kilograms. However, it still fails to reach the level of one-third of the global average. South Korea maintains the top of the global average consumption of steel, which reaches 1113.6 kilograms. But it is still lower than the consumption of 1207.4 kilograms in 2008. In America, the average consumption of steel of North America and Central and South America both decline. The average consumption of steel of USA, Canada and Brail decrease to 297.4 kilograms, 404.6 kilograms and 102.6 kilograms respectively. Mexico and Argentina keeps growing, which increase to 190.6 kilograms and 121 kilograms. In European Union, the average consumption of steel reaches 303.5 kilograms in 2015, which maintains increasing for three consecutive years. But it is still lower than the volume of 311.6 kilograms in 2011. Africa keeps increasing for 5 consecutive years, which reaches 33.1 kilograms in 2015. But it is still the lowest average consumption of steel in the world.