Sign In  |  Join Free  |  Contact |  Help

Home > News

  • It's Time to Develop the Market of Germany!

    It's Time to Develop the Market of Germany!

    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
  • Chinese Companies Visited US Famous Companies and Fastener Stores to Develop US Market

    Chinese Companies Visited US Famous Companies and Fastener Stores to Develop US Market

    By CFM| 2016-11-04 00:00:00

    After few months preparation, Chinafastener.com got on the plane to the USA with a team of 20 leaders of 20 Chinese companies to have a 9-day visit. The First Stop -- Brighton-Best International After having a rest for one night in Los Angeles, on the morning of 24th, we went to the first stop of this journey -- Brighton-Best International. CEO of BBI Mr. XU Jun welcomed us with open arms. BBI is a famous fastener company in the USA. starting from producing low-end and cheap products like hex screws, the company were developing rapidly with better products. Up to this year, the annual import of the company reached 150,000 tons of which 70% came from Taiwan, and the rest came from Thailand and Vietnam. Its sales was about 1 billion US dollar per year. Mr. WANG Yanbo, Vice-President of ChinaFastener.com and Mr. XU Jun, CEO of BBI Mr. XU led the team to visit the warehouse of BBI and introduced the operating system of the warehouse. He said, BBI had seven large warehouses in the USA and the one we visited this time was the fourth largest warehouse in which there were more than 20 service stations. BBI adopted B2B sales system and online sales but no B2C to ensure the lowest price in USA and good quality. How could BBI manage their warehouses? He said, they had a perfect logistics system which used GPS to help them do the job. The system could plan the shortest and quickest route for them which is expected to reduce costs that could be 10 %– 15% lower than other companies. BBI combines American operating management concept and Taiwanese pragmatic working attitude and sense of service together which is better than the other US companies. After visiting the warehouse, Mr. XU invited the team to have lunch together at Wood Grill Buffet. During the dinner, we knew that Chinese fastener products still played an important role in BBI and even the USA in a short term. He was so glad to welcome Chinese fastener companies to visit their company and to cooperate with them. The Second Stop -- US Hardware Market. On the afternoon, our team went to the second stop – US hardware market. Why did we go to the markets? We were going to better know about the favorite products of US customers, and their required quality and size, thus we could know how to improve our own companies and products based on the market. During the visit, we knew that US people had strong ability of operation. Because of high cost of labor, they prefer to build house, decorate house, repair cars and electrical appliances themselves if they have materials. In the USA, there are no big hardware wholesales markets but only independent hardware markets in which you could buy fastener products you need. The First Market -- The Home Depot The Home Depot is the biggest hardware and building material market in the USA with 3000 stores. It’s the third biggest retail companies following Wal-Mart and Carrefour. The prices of the products it sells are lower than other shops. In addition, these products are smartly wrapped and all hardware products are affiliated with screws. The screws are more expensive than that in China but in good package. 70% of the product are made in China. They imported a large number of these products and pack the products in the USA. The Second Market -- Orchard Orchard is located in Los Angeles. It includes almost every kinds of hardware products enjoying good reputation. In the market, there are electrical appliances, hardware products, fastener products, hand tools which are put in order like supermarkets in China. These products are in small packet with higher prices than that in the Home Depot. The market are so clean and quiet which are different with Chinese hardware shops. The Third Stop -- PRW INDUSTRIES, INC. On the morning of 25th, our team came to another famous US fastener companies -- PRW INDUSTRIES, INC. PRW mainly researches and develops engines parts and accessories for racing cars. They only do distribution but no retail. The automobile fastener products are designed, researched and developed by themselves. They purchase materials in Japan and entrust Chinese manufacturers to produce on a large scale. The main partner is in Chengdu, Sichuan Province, China which is selected after strict examination. They think that Chinese companies could produce good quality products with lower prices. Based on the introduction, PRW has set up an office in China to deal with the affairs of communication and purchase between the head office and their Chinese partner. They think China has great influence in manufacture industry due to lower price of products which could save their costs. Just like we see in Orchard and The Home Deport, 70% of their products are made in China. Chinese fastener products have a big market in the USA and are still favored by US distributors. After the visit, we see that Chinese companies still have chances to develop the great market in the USA. However, under the economy situation, Chinese companies must enhance themselves through technology researches and development.
  • Chinese Fastener Companies

    Chinese Fastener Companies "Go Out" to Develop US Market

    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.
  • Fastener Expo Guangzhou 2016 was Solemnly Held on Nov. 1st, 2016!

    Fastener Expo Guangzhou 2016 was Solemnly Held on Nov. 1st, 2016!

    By CFM| 2016-11-01 00:00:00

    On Nov. 1st, 2016, Fastener Expo Guangzhou 2016 is being held ceremoniously by ITE Asia Exhibitions Limited and Shanghai ITE Ebseek Exhibition Co., Ltd in Poly World Trade Expo Center, Guangzhou. Based on the organizers, the exhibition is extended to two halls this time which covers an area of 20,000 sq.m, almost 80% bigger than the previous area. It’s expected that there will be about 400 domestic and overseas companies and over 10,000 visitors attending the show. Not only are there more exhibitors and larger area in Fastener Expo Guangzhou, but also the show provides a bigger platform for exhibitors to fully show their innovative products and the ability of R&D. What’s more, the international B2B trading show rounds up manufacturers, distributors, sales, and buyers together, and gives them a stage of communication and cooperation. With the theme of “Promoting High Precision and Small Fasteners”, the show mainly aims at promoting high-quality small fastener products and equipment. There are many famous end products companies in China participating the show, such as Washen, Sailuk, Guangqingchang, Guangzhou Fast Rivet, Yuyao Xintai, etc. Sailuk Rivet Co., Ltd. Shenzhen DTSL Hardware Co., Ltd. Yuyao Xintai Hardware Co., Ltd. Wenzhou Guanquan Fastener Manufacturing Co., Ltd Except for end products companies, there are some companies producing equipment, dies, and so on, such as Dongguan Jingzhan, Dongguan Ruike, Luosi Technology, Foshan Wanwei, etc. These companies not only show various kinds of new products and new technology, and they had set a new standard in “High Precision” products. Sam Chang Machinery Manufacturing Ltd. Luosi Technology Dongguan Qishun Machine Co,. Ltd Zhongshan Zhenyao Machinery Manufacturing Co., Ltd. During the show, the organizers held a serious of great seminars providing a stage for exhibitors and visitors to communicate and discuss. The technology seminar called “Application and Locking of Precision Screw” was held by Global Fastener Inc on the morning. Gong Maoliang, a tycoon in fastener industry has brought a hot topic “Precise Screws and Mould Technology”.  In addition, there are some special reports, such as "Self-locking Application and Case Sharing”, “Fasteners Surface Treatment Technology”, “Precision Screw Self-locking and Application” and “Standard and Installation of Small screws”.   In the afternoon on the first day, seminar on “Innovation Leads the Future Development Trends of Fastener Industry” is hosted by Workers’ Club of the Pearl River Delta Fastener Technology. Professional market analyzers, leading manufacturers and well-known purchasing enterprises get together to discuss on hotspots of the industry, development trend and innovation and share their latest discoveries. The speaker of the show said that the show aims at providing a trading platform which could combines leading fastener products, machines, and latest solutions to fastener companies. As the official media, ChinaFastener.com shows up on the exhibition. Our booth has attracted many visitors. They came to our booth to get the latest ChinaFastener Magazine and we have interviewed many companies. They have much great ideas and views about the industry and market. We will report the interviews later on our website. Welcome to meet us on the next two days (Booth No. A252).

Industry Activities

Raw Materials

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

Company News

Exibition & Association News

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.

Fastener News

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.

logo

Free Submit for Publication

Fastener News,Import & Export Statistics Reports,Industrial Actives,Exhibition,Forum etc.are welcome

word,image,excel,txt,pdf,rar,zip only

Hot Fastener News