By CFM| 2014-06-27 00:00:00
By CFM| 2014-06-19 00:00:00
By CFM| 2014-06-09 00:00:00
By CFM| 2014-05-15 14:53:27
By Wang Xin、Yao Chun ,2014-07-23 09:48:24
ASHINGTON, July 22 -- The U.S. government determined on Tuesday it would maintain the existing antidumping duty orders on steel threaded rod and malleable iron pipe fittings from China, despite Beijing's repeated calls for Washington to drop protectionism. The U.S. International Trade Commission (ITC) concluded in a ruling that revoking the current antidumping duty orders on these products from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. It is the first "sunset review" for the antidumping duty order on imports of steel threaded rod from China, which was introduced in 2009. The antidumping duty margin on this product runs from 47. 37 percent to 206 percent. This is the second "sunset review" for the antidumping duty order on imports of malleable iron pipe fittings from China, which was first issued in 2003. The antidumping duty margin on the product runs up to 111.36 percent. A "sunset review" was conducted every five years after anti- dumping and countervailing duties were introduced. The Uruguay Round Agreements Act requires the U.S. Department of Commerce to revoke an anti-dumping or countervailing duty order, or terminate a suspension agreement, after five years unless the department and the ITC determine that revoking the order or terminating the suspension agreement would likely lead to the continuation or recurrence of dumping or subsidies and of material injury within a reasonably foreseeable time. The Chinese Ministry of Commerce has repeatedly urged the United States to abide by its commitment against trade protectionism and work together with China and other members of the international community to maintain a free, open and just international trade environment
By MDM ,2014-07-21 00:00:00
The Bossard Group, Switzerland, reported sales for the first half of CHF 321 million (US$359.5 million), an increase of 3 percent year-over-year. As reported in local currencies, sales grew 5.6 percent.In the second quarter, group sales increased 2.8 percent (5.5 percent in local currencies) to CHF 159.6 million (US$178.8 million). In Europe, half-year sales rose to CHF 208.2 million (US$233.2 million), up 7.1 percent in local currency. In America, sales were CHF 65.7 million (US$73.6 million), down 5.6 percent in local currency. This revenue decline is due primarily to weaker demand from a major customer. In Asia, sales were CHF 47.1 million (US$52.7 million), up 17.6 percent in local currency. Growth in Asia is largely the result of business from new customers.
By MDM ,2014-07-14 09:23:25
The Fastenal Company(Nasdaq: FAST), Winona, MN, reported sales for June of $321.3 million, an increase of 18.3 percent from the previous year. Daily sales increased 12.7 percent to an average of $15.3 million.During the month, sales to manufacturing customers grew 12 percent, while sales to nonresidential construction customers grew 8.8 percent. Five new stores opened in the month and employee headcount increased 15.1 percent year-over-year to 18,135.
By Steel Guru ,2014-07-10 10:13:58
Indian steel wire rod market has been subject to turbulence in the past couple months taking the maximum brunt of appreciating INR and undue price escalation in domestic market. Unilateral hike in long steel price levels in India over the last couple of months has kindled importers interest with global price level remained low under Chinese selling pressure and rather uncertain market in Middle East. It is learnt that nearly 25000 tonnes of WRC is being imported every month at Mumbai port alone. The booking levels are in the range of USD 520-525 per tonne, CFR Mumbai in Mild Steel grade. Per Ton Indian mills are selling WRC at INR 39000 per tonne in Mumbai (basic excl ED & VAT) thereby giving huge parity advantage of INR 4311 per tonne for import. Hitherto India was destination for High Carbon grade WRC but with the big shift in parity WRC in mild steel grade has found its way into the Indian market.
By Wang Xin、Liang Jun ,2014-07-10 10:07:40
BEIJING, July 9 -- The Chinese government announced Wednesday that new energy cars will be exempted from a 10-percent purchase tax starting from September in its bid to save energy and combat pollution. The EK-2 electric car, which was developed by the Zhejiang-based Geely Group, is shown at an auto show in Beijing. From Sept. 1, 2014 to the end of 2017, buyers of qualified pure electric cars, plug-in hybrid electric cars and fuel cell cars will not have to pay vehicle purchase tax, according to a statement released after an executive meeting of the State Council, or the Cabinet. The statement urged related authorities to step up compiling and unveiling the catalog of vehicles that will be included in this plan.
By CENS ,2014-07-08 10:56:20
Mainly dampened by steadily declining steel exports to China, which remain subject to 3-8% duties, the output value of Taiwan's steel industry totaled only NT$405.1 billion (US$13.5 billion) for the first four months of this year, down 5.6% year-on-year (YoY), according to the statistics by the Ministry of Economic Affairs (MOEA). MOEA said that the industry's output drastically dropped 38% YoY to NT$953.6 billion (US$31.78 billion) in 2009, when the global market was seriously impacted by the financial tsunami, and then rebounded by 48.2% in 2010, and hit an all-time high of NT$1.5146 trillion (US$504.86 billion) in 2011, mostly due to brisk demand from the domestic downstream sectors and growing public works projects and housing starts. However, anxious about oversupply in the global market, particularly in Asia, due to by Chinese steelmakers having aggressively developed and boosted supply in recent years, Taiwan's steel industry has seen its overall output and export to China continuously slide since 2012. In the past few years, exports had contributed nearly 30% to the industry's output, mostly going to ASEAN (Association of Southeast Asian Nations) member countries. MOEA's statistics show that exports to the ASEAN bloc made up 21.6% of the total last year, a four-year high, when the share of those to China (including Hong Kong) dived to 14.1% from 23.8% in 2009. J.C. Tsou, chairman of the Taiwan Steel & Iron Industries Association, says that exports to China have steadily declined partly due to high tariffs, and partly due to oversupply in the country. To revive the industry's growth, Tsou has advised Taiwan to step up negotiations with China on striking cross-strait goods trade agreements to offer lower duty relief or exemption on steel exports. Over the past years, imports of China-made steels have significantly increased, to command 25.2% of Taiwan's domestic market last year compared to 9.7% in 2009. Japan has remained the island's largest steel import source, but its market share has gradually slid, to 28.9% last year from 32.4% in 2009, shows MOEA's statistics. (SC)
By Sérgio Milatias ,2014-07-07 09:32:25
Under command the portuguese immigrant Joao Marques Castelhano, company founder, and the Brazilian Ricardo Castelhano, his son, the Jomarca arrived at 45 years of activities. One of the biggest and most important fastener manufacturer in South America, the company celebrate announcing more diversification and investments on your products line. 10 years ago, in line of fasteners, the direction decided modernize your fabril park, period in which were occurred many acquisitions of new machines, where we found moderns equipments, like more of 40 cold forming presses from Sacma, all installed in your matrix with more of 42 thousand meters square, where work more 780 employers, with production be around of 2,5 thousand tons of fasteners per month. Today, Jomarca has 3 divisions: fasteners, kits to furniture industries and tools to construction market, with more of 1050 employer plus 200 outsourced. According to the CEO, Ricardo Marques, recently the company invested US$ 4,5 millions to produce hinges to supply the furniture industries, where the division Jomarca Kits is leader. All the new machines were bought in Italy, and should arrive in Brazil until next June. "Until the end 2014 we hope achieve sales around US$ 142 millions, in which 60% is from fasteners, 30% of Jomarca Kits and 10% will be from tools mix, products to building", concluded the CEO.
By Richard Chang ,2014-07-04 00:00:00
WASHINGTON (Reuters) - The U.S. Department of Commerce on Tuesday set preliminary duties of up to 81 percent on imports of carbon and alloy steel wire rod from China after ruling they were produced using unfair government subsidies. Commerce set a preliminary subsidy rate of 81.36 percent for Hebei Iron & Steel and 10.30 percent for Benxi Steel and all other producers and exporters in China. The complaint about imports of hot-rolled carbon steel and alloy steel rod from China, which totaled $313 million in 2013, was made by ArcelorMittal USA , Charter Steel, Evraz Pueblo, Gerdau Ameristeel, Keystone Consolidated Industries and Nucor Corporation . Commerce is due to make its final decision by Nov. 12, at the same time as its final decision in a parallel investigation into dumping of the steel wire rod.
By Philip Blenkinsop ,2014-06-30 10:32:19
BRUSSELS, June 26 (Reuters) - The European Commission has launched an investigation into accusations that China and Taiwan have dumped billions of dollars of stainless steel in Europe, a decision that could reignite trade tensions with Beijing. The Commission said on Thursday that a complaint received in mid-May from EU steel association EUROFER provided evidence that stainless steel to Europe from Chinese and Taiwanese producers had been exported at unfairly low prices. "They are flooding the markets which are still unprotected like the EU," EUROFER Secretary General Gordon Moffat said. China's mission in Brussels was not immediately available for comment. The anti-dumping investigation comes three months after an easing of relations between Beijing and Brussels. In March, just as China's Xi Jinping made his first visit to Europe as president, Beijing ended investigations into imports of EU wine and polysilicon and the EU Commission defused a long-running telecoms trade dispute. Both sides even discussed the possibility of a free trade deal during Xi's visit to EU institutions in Brussels. Yet tensions remain. The Commission has 14 ongoing investigations into alleged dumping by, or illegal subsidies for, Chinese makers of products from ceramic tiles to mandarin oranges. EU imports of cold-rolled stainless steel sheet from China and Taiwan totalled 758 million euros ($1.03 billion) last year, according to EU statistics office Eurostat, a ten-fold increase from the value in 2002. EU production in 2012, the last year for which data is available, was worth 23.6 billion euros. EUROFER said European producers had carried out significant restructuring over the past three years to reduce overcapacity and improve their performance, but Chinese manufacturers had built capacity and increased output to a level exceeding domestic demand. EUROFER said the combined EU market share of China and Taiwan had risen to about 14 percent in April. It also said that Chinese exports of steel as a whole had risen to a record 8.07 million tonnes in May, a 41.5 percent increase in the year to date. Moffat said EU stainless steel capacity was some 3.5 million tonnes, that of the United States 1.5 million tonnes, while overcapacity in Asia was 6.5 million tonnes. His association believes duties of up to 20 percent would have to be imposed to counteract the dumping. The Commission's anti-dumping investigation will last as long as 15 months, with the possibility of provisional measures being imposed within nine months. Punitive import duties, when imposed, typically last five years. ($1 = 0.7335 Euros) (Reporting by Philip Blenkinsop; editing by Robin Emmott and Tom Pfeiffer)
By CFM ,2014-06-27 00:00:00
After a short break from 2014 Fastener Expo Shanghai, the representative of ChinaFastener Magazine exhibited in the 18th M-Tech Tokyo during 25-27 June. Japanese companies account for nearly 90% of the 900 exhibitors. 18 exhibitors of fasteners came from Korea and 17 from China mainland. Most of Chinese exhibitors came together with translators since about 95% of the visitors are Japanese. CFM's Booth E32-16 Some of the Chinese exhibitors also went to Fastener Expo Shanghai 2014 as well as CFM representative, like ChinaFar, Jiaxing Zhengying, Ningbo Jinding, Eagle Metalware ,Jiaxing Zhapu, Jiashan Yongxin etc. Jiaxing Zhengying Jiaxing Chinafar Eagle Metalware The 18th Mechanical Components & Materials Technology Expo (M-Tech), 5th Medical Device Development & Manufacturing Expo (MEDIX), 25th Design Engineering & Manufacturing Solutions Expo (DMS), 22nd 3D & Virtual Reality Expo (IVR) was held during the same period. Satisfaction was found on everybody’s smiling face Representative of Korea Group Taiwan Group CFM representative recommended appropriate suppliers and was astonished by the creative decoration of exhibitors at scene. It is said that, the fastener industry is relatively stable and closed in Japan. Fastener companies tend to buy steel , cold header ,heat treatment facilities and other related materials at home. During CFM’s short interview with Chinese exhibitors, some of them also said that :” In fact, the main reason for us to come to the show is that we really want to know the development of fastener industry in Japan and see what we can learn from them.”
On Apr 14-15, China Fastener Magazine participated in Taiwan International Fastener Show 2014 as to promote business for Chinese fastener companies and get the lastest fastener news. The show was held every two years in Kaohsiung Exhibition Center, KEC, this is CFM's second attendence. Held right in the middle of Taiwan’s largest and most dynamic industry cluster, the scale and the number of participants of the show had doubled compared to 2012. There are about 330 companies and thousands of attendees from Germany, France, America, Japan, Great Britain, Austrilia etc, all together 20 foreign countries. China Fastener Magazine distributed the 15 issue to many international buyers, like THEO FOERCH, Reisser, Wurth, Domax, Al Wehdah Star, and gave recommendation about the famous Chinese suppliers to them. The opening ceremony of the show and Kaohsiung Exhibition Center was hosted by the vice president Wu Don-Yih, together with the mayor of Kaohisung city Chen Chu and many other honored guests. It took 3 billion TWD to build Kaohsiung Exhibition Center ,pointed out by Chang chia-juch, minister of economic affairs. CFM with profession fastener buyer Autolink All the exhibitors are local companies ,most famous cooperations had planned their booth with delicate taste, such as Chun Zu, SAN SHING FASTECH, CHITE,TYCONE. The leading steelmaker Sinosteel also exhibited in the show which indicates the close cooperation of the industrial chain. Puma FX San Yong Electric Heat TALKYU
2014 Five Region Fastener Association Conference was successfully held on 13 Apr in KECC Taiwan .Five Region Fastener Association Conference is a yearly event held by the regions of Mainland China, Hong Kong, Taiwan, South Korea and Japan. It was Taiwan Industrial Fastener Institute's turn to hold it this year. There are about 200 attendees in the conference. Among them, 27 of them came from South Korea, 36 from Japan, 52 from mainland China, 52 from Taiwan China, 36 from HK China. ChinaFastener.com witnessed the big event as one of the most influential media in the industry, providing technical support for the conference. 2014 Five Region Fastener Association Conference was officially opened at 2 o’clock in the afternoon. Concentrating on the development of fastener industry in the past one year, the representatives of five regions made an industrial report respectively. They were Mr. Thompson T.H.Chang, president of Taiwan Industrial Fastener Institute;Mr. Feng Jinyao, chairman of China Fastener Industry Association; Mr. Lin Zhi Ming, chairman of Hongkong Screw & Fastener Council; Mr. Yu Zhenshan, president of Korea Federation of Fasteners Industry Cooperatives; and Mr. Katsuyoshi Okawa, chairman of the Fasteners Institute of Japan. The holding of Five Region Fastener Association Conference not only strengthen the friendship and communication among five regions, but also provide a platform for entrepreneurs to learn the latest development of fastener industries in five regions and plan the next step to develop enterprises. After the cheerful intermission, Mr. Thompson T.H.Chang gave speech on the theme of " Yesterday, Today and Tomorrow of Taiwan Fastener Industry" and showed great confidence in future development. With the announcement that the next year’s Five Region Fastener Association Conference will be held in Hongkong by Hongkong Screw & Fastener Council, 2014 Five Region Fastener Association Conference came to an end.
Considered as the leading trade fairs throughout the world, Wire Düsseldorf was grandly opened on 7th Apr 2014 in the trade hub of Düsseldorf, Germany. Being as one of the most influential media in fastener industry, ChinaFastener Magazine had a successful kick-off on the exhibition by distributing the newly published 15th issue magazine and recommending quality suppliers to the visitors. CFM exhibits in the 2014 Wire Düsseldorf "Visitors pouring in at all three entrances and bustle and bustle in 15 exhibition balls; the first impression doesn’t lie. Wire and Tube 2014 can look back on a very successful first day," Friedricb-Georg Kebrer, Director of wire and tube 2014, is obviously happy about the first day of the events. "Overall we expect more than 70,000 visitors from all over the world, who want to experience five days of innovations in the fields." The space area has a 4% increase to 50,500 square meters. According to the data offered by VDMA（German Engineering FederationIn) on the show, the output value of mechinical equipment worldwidely in 2013 is 2,225 biliion euros, slightly declined from 2,230 billion euros in 2012. German ranked as the third biggest mechinical equipment manufacturer and accounted for 11% share of the output value，says 2,460 billion euros. China topped among all the other countries with the output value of 7660 billion euros, which took 34% of the world's whole output value. America's output value reached 3,260 billion euros, ranking second on the list. And Japan ranked forth as its output value was 1,930 billion euros. CFM was also infected by the hot scene and had pleasant talking with many professional buyers .Most of them find ChinaFastener Magazine to be very beneficial for them to learn the latest market trend of Chinese fastener industry. And the column of Buyer's Guide ,which include nearly 500 excellent fastener suppliers’ information, facilitates buyer’s purchasing in a great deal. CFM with BRANKAMP CFM noticed that the big shots in the industry are gathered in this splendid event, such as Shanghai Fast-Fix, SRC Metal, Lianyungang Xingyi, Jiangsu Washen, Jingjiang Hengfeng, Shanghai Rivet, Jiaxing Allywin, Jiaxing Chinafar, Ningbo Jingle, Zhejiang New Oriental, Wenzhou Kaixu, Wenzhou Jinsheng. And 3View, Brankamp, Accuvision, Carlo Salvi, Chun Zu, CPM, Sacma, Jern Yao, Nakashimada, National Machinery, Nedschroef, Sakamura Machine, Sala, Simufact, Videx and so on also said that they would participate in 2014 Fastener Expo Shanghai. Since the economic crisis, wire and cable machinery industry has been experiencing a significant uprising in orders and sales. Despite current regional risks and uncertainties, the outlook for global growth, as predicted by economic experts at 3.4 percent GDP for the year 2014, is supported by the global economic recovery.
The 2nd Guangdong Fastener Economy, Trade & Technology Symposium was held successfully on Mar. 29, 2014 in Foshan, Guangdong, China. It was organized by Guangdong Fastener Industry Association and co-organized by www.chinafastener.com, aiming to promote the health development of Guangdong fastener industry and provide a platform for member enterprises to release information, show products, and strengthen cooperation. As the statistics showed, the whole production volume of fasteners in mainland China in 2013 was up 7.53% to 6.39 million ton. Rapid growth was seen in the middle part of China; on the contrary, the fastener production of Guangdong Province has decreased 8.14% to 110,153 ton. Lots of experts in fastener industry showed up and exchanged their views of the fastener business, like Eagle Metalware, CARLO SALVI cold headers, Shanghai Chun Zu Machinery Industry Co.,Ltd, Foshan Kuiloon Metal Products Co., Ltd. etc. And so did Hong Kong Screw & Fastener Council and Taiwan Fastener Trading Association. They agreed that 2013 was a difficult year for fastener industry and this kind of symposium could boost the development of fastener industry and bring new opportunities. At the event, ChinaFastener Magazine was quite popular among the attendees. During the welcome dinner, Mr. Yang J. F., CEO of www.chinafastener.com and vice-president of Guangdong Fastener Industry Association, had awarded honor plaques to the new members of the association.
After two months’ dedicated preparation, ChinaFastener Magazine (CFM) finally meets its new issue (15th issue) today. Founded in 2007, CFM is the unique professional fastener publication in both English and Chinese in mainland China, published by www.chinafastener.com in every February and August, with circulation of 15000 copies per issue, reaching a readership of 40,000 (print plus CD and digital version online) around the world. New Highlights of 15th issue CFM Firstly, News column covers several countries like China, America, Brazil, and Europe. America and Europe have been the important export destinations of China’s fastener industry. However, the fastener export to America and Europe has been declining while the export to new emerging markets keeps going strong. Brazil has become the important market for fastener companies to explore in recent years and learning the local news will be helpful for making market decision. Secondly, Close to Suppliers column can make you learn suppliers in detail. In this column, there are the rivet expert Shanghai Fast-Fix, general metal finishing leader Atotech, expansion anchor supplier Ningbo ABC, and stainless steel fastener supplier Foshan Kuiloon. Thirdly, Exhibition Preview Column provides reference for attending exhibitions. The 15th issue CFM makes an extension on Exhibition Preview, which includes all fastener related exhibitions and makes a simple introduction for every exhibition. Fourthly, a must-owned Buyer’s Guide. Buyer’s Guide of 15th issue CFM is informative, valuable and time-efficient. It includes nearly 300 excellent export-oriented fastener suppliers in China, and all the information is verified one by one by the Buyer Service Team of www.chinafastener.com. The suppliers are classified with product category, by which, international fastener buyers can easily find the target suppliers. Fifthly, get popularity with international enterprises. ChinaFastener Magazine is the first fastener publication in English and Chinese in mainland China. With its increasing popularity and influence, more and more international enterprises like ATOTECH, SRC, Visacom, Kwok Tai, Manzoni, and Dowa and so on choose CFM as the effective channel to publicize company brand and explore oversea markets, which reflect CFM plays an important role in the world. The 15th issue of CFM will be distributed by all available channels of internet, express and exhibition in the forms of digital version, hard copy and CD. A quick access to 14th issue of CFM, please visit http://www.chinafastener.com/magazine/. The 15th issue CFM will attend Fastener Fair Hanover (booth No. A81) on Apr. 8th to 10th, 2014. If you are going to visit this exhibition, you are welcomed to come to our booth for getting a hardcopy. Click Here to Read Free Online
Waiting outside before the official open of Fastener Expo Guangzhou Looking at the floor plan carefully 2013 Fastener Expo Guangzhou grandly opened at 9:00 in the morning of Nov. 12th, 2013 in Poly World Trade Expo Center, Guangzhou, China. It is the sister exhibition of Fastener Expo Shanghai, organized by Shanghai Ebseek Exhibition Co., Ltd. 2013 Fastener Expo Guangzhou showcased a wide range of standard fasteners, industrial specialized fasteners, stamping parts and lathe parts, fastener materials, fastener moulds, fastener equipments and technology, and other service in the exhibiting area of 11,300 square meters. It attracted 180 enterprises exhibiting in 320 booths. It was characterized with highly gathering of domestic name-brand companies, like the equipment enterprises of Foshan Meigs, NEDSCHROEF Herentals, Ningbo Sijin, Taiwan Jagular etc., the material suppliers of Ma Steel, TengLong Stainless Steel Wire, Foshan Kuiloon, Guangdong Jiansheng etc., the fastener manufacturers of Eagle Metalware, Zhongshan General Screw, Sun-Maku and so on. Entering venue 2013 Fastener Expo Guangzhou is the most noteworthy fastener exhibition in Southern China. According to pre-register statistics, there will be about 15,000 domestic professional visitors and 1,000 oversea buyers come to Fastener Expo Guangzhou in the three days’ exhibition. In the first day, you can find every aisle was filled with visitors; they were looking at the fastener products carefully, or exchanging name cards, or sitting down and talking something in front of a negotiation table. According to the latest statistics, China’s fastener export saw a slight increase of 0.67% year-on-year to USD 3.592 billion in the first three quarters, turning the negative growth in the first half year of 2013 to positive growth in the third quarter. However, that the depressed global economy, the influence of American debt crisis, and EU’s antidumping measures on Chinese fasteners makes China’s fastener export confronted with serious challenges in the rest of 2013. Under such a background, the holding of Fastener Expo Guangzhou, just like the sunshine after rain, is helpful for the fastener enterprise in Southern China to explore markets and boost fastener trading. It is of great significance. For more information about 2013 Fastener Expo Guangzhou, please keep a close eye on www.chinafastener.com.