By Ivan SU| 2017-01-21 00:00:00
By ChinaFastener.com| 2016-12-22 00:00:00
By ChinaFastener.com| 2016-11-21 00:00:00
By CFM| 2016-11-04 00:00:00
By Zhejiang Fastener Industry Assoc ,2017-02-16 00:00:00
In the morning of Feb. 9th, mayor of Bad Mergentheim, executive vice-president of Würth, senior vice president of Würth and minister of Construction Coordinating Ministry came to Haiyan County, Jiangsu Province, China. Cuishe Wang, vice secretary of Haiyan County and other leaders of the county welcomed the Germany Guests with open arms. The officials of the county introduced Haiyan to the guests and they had a friendly talk. After that, Mr. Suishe Wang signed a Memorandum of Friendship Cities with the mayor. Haiyan County successfully builds cooperation relationship with the Germany city. When the signing ceremony ended, the two parties came to the project sport of Wurth and the Foundation Stone Laying Ceremony of Würth Group Greater China Central Distribution Center Phase 2 Project began. Mr. Sheng Quasnsheng, vice-president of Jiaxing City and other leaders were presented at the ceremony. The event was hosted by Wang Jian, vice county chief of Haiyan County. Mr. Jiahua Shen, president of Zhejiang Fastener Industry Association was invited to the event. The leader of Würth led the group of people to visit the Phase 1 project. Würth Group was founded in 1945, with more than 400 subsidiaries and 71000 staffs in more than 80 countries around the word. In 2016, its global sales reached more than €11.8 billion. It’s a leader in fixing tools and fastener industry. In 1994, the company started its Chinese market development and now its footpath has covered China. On Dec. 30 2015, the government of Haiyan County signed a project investment memorandum with Würth group witnessed by Premier Li Keqiang and Chancellor Merkel. On Jan. 11 2016, Haiyan Economic Development Zone signed an investment agreement with Würth to set a supply train centre in China of Würth. It aimed to build a modern, solid and fully automated storage, logistic and trading centre. The project was going to be build with €50,000,000 investment by 3 phases, covering an area of 130,000 sq.m. On Nov. 22, 2016, Phase 1 Project was started covering an area of 11,000 sq.m. It includes storage, logistic, trading and other businesses. Phase 2 Project is a high-standard intelligent solid storage covering an area of 35,000 sq.m. The projects will be build by the Zone based on the requirement of Wurth. It will be started on March and it’s expected to come into service in 2018. Phase 3 Project is planned to be build in 2019. When all projects are put into operation, it’s expected that the annual output value will be more than 3 billion Yuan. According to the introduction, when Phase 2 Project completed, the company will be able to provide fastener service to all Asian area and European and North America. Source: Zhejiang Fastener Industry Association
By United States International Trad ,2017-02-09 00:00:00
February 6, 2017- Inv. No. 731-TA-624-625 (Fourth Review) The U.S. International Trade Commission (USITC or Commission) has voted to expedite its five-year (sunset) reviews concerning the antidumping duty orders on helical spring lock washers from China and Taiwan. On June 28 1993, U.S. Department of Commerce imposed an anti-dumping duty on the said products imported from Taiwan. On Oct. 19 1993, the duty was imposed on the said products imported from Mainland China. On Feb. 23rd 2001, the duty continued to be imposed on the products from China and Taiwan after the first sunset review by the Department. Since then, another two sunset review were conducted on July 3rd 2006 and Dec. 5 2011 by the Department, but the anti-dumping duty against the said products never ended after the three reviews. The tax codes of the said products in U.S were 7318.21.0000, 7318.21.0030 and 7318.21.0090. On Nov. 1st 2016, the announcement of the Department said, they would begin the fourth sunset review on the said products from China and Taiwan. As a result of the vote, the Commission will conduct expedited reviews to determine whether revocation of the orders would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably foreseeable time. The Commission’s notice of institution in five-year reviews requests that interested parties file with the Commission responses that discuss the likely effects of revoking the order under review and provide other pertinent information. Generally within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review. If responses to the USITC's notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires. The Commission generally does not hold a hearing or conduct further investigative activities in expedited reviews. Commissioners base their injury determinations in expedited reviews on the facts available, including the Commission’s prior injury and review determinations, responses received to its notice of institution, data collected by staff in connection with the reviews, and information provided by the Department of Commerce. Chairman Rhonda K. Schmidtlein and Commissioners Irving A. Williamson, Dean A. Pinkert, Meredith M. Broadbent, and F. Scott Kieff concluded that the domestic group response for these reviews was adequate and the respondent group responses were inadequate and voted for expedited reviews. Vice Chairman David S. Johanson also concluded that the domestic group response for these reviews was adequate and the respondent group responses were inadequate but that circumstances warranted full reviews. A record of the Commission’s votes on these matters is available from the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. The record of the Commission's votes is also posted on the USITC's Internet site at http://pubapps2.usitc.gov/sunset/caseProf/list?sort=caseTitle&order=asc. The Federal Register notice will indicate whether any further information or statements will be available. Only parties that filed adequate responses and filed timely notices of appearance are eligible to participate further in these reviews. The Commission will issue a report after it completes its reviews. Source: U.S. International Trade Commission
By Catherine Evans ,2016-12-19 14:01:55
European Union countries agreed on Tuesday to reforms giving the bloc the possibility of imposing higher duties on excessively cheap imports that would help shore up its defenses under a new trading relationship with China. After three years of wrangling, representatives of the 28 EU members voted by a qualified majority to allow higher tariffs than might normally apply if exporters are benefiting from artificially low raw material costs. Peter Ziga, Slovakia's minister in charge of trade, hailed the move on Tuesday as a "major breakthrough". "Europe cannot be naive and has to defend its interests, especially in case of dumping. This is a crucial step towards a solid solution that would help EU producers cope with unfair competition and practices," he said. Duties are currently limited by the EU's "lesser duty rule", under which the import duty should be set at a level to remove the injury to EU producers rather than at a higher rate required to push the exporter's price to what is fair and normal - known as the "dumping margin". Duties could in future be set at up to the full dumping margin rate if there are state-induced distortions of raw material and energy costs for exporting companies. For cold-rolled steel from China, for example, the dumping margin was over 50 percent, but the injury margin only around 20 percent, so the lesser duty of about 20 percent was set. For the same steel grade from China, the United States has imposed duties of more than 200 percent. Britain and other more liberal free trade nations had blocked any changes. Slovakia, which holds the six-month rotating presidency, in the end secured backing for a compromise which would allow higher duties if the raw materials in question accounted for more than 27 percent of the cost of production and more than 7 percent individually. Other reforms include shortening the period, currently of up nine months, that the European Commission can take to set provisional import duties and allowing the Commission to initiate its own investigations without an industry complaint. The reform of the EU's "trade defense instruments" is seen as a counterbalance to EU proposals to change the way it assesses whether Chinese manufacturers are exporting at unfairly low prices. Critics say it will be harder to impose duties. The reform will need backing by the European Parliament. (Reporting by Philip Blenkinsop; Editing by Catherine Evans)
By United States Steel Corporation ,2017-02-16 10:01:47
PITTSBURGH, Feb. 15, 2017 /PRNewswire/ -- United States Steel Corporation (NYSE: X) today issued the following statement in response to the company's decision to file a motion to withdraw without prejudice the trade secrets claim from consideration in the Section 337 complaint with the U.S. International Trade Commission (ITC). The company will continue to vigorously litigate the Section 337 claims related to antitrust and false designation. The company's statement follows: "We remain committed in our efforts to seek relief for each of the claims alleged in the Section 337 complaint, but today believe this was our best course of action. We continue to pursue a review before executive bodies of the inequities of the statutes that were enacted before the dawn of the Internet age and the substantial threats posed by cyber espionage. "While Section 337 offers U.S. companies the ability to seek relief against unfair methods of competition and the items being unfairly imported as a result of those actions, the decades old law never contemplated the technological advancements over the past 50 years that have led to the proliferation of cyber theft and other cyber crimes committed against American companies. "Today, businesses are more connected and data-centric than ever before, so they are more vulnerable to cyber theft. Whether the stolen data is proprietary trade secrets, business strategy or personal data related to customers, when a cyber attack by a state-sponsored actor is carried out upon our corporations, the unbearable burden for response is currently borne by the corporate victim. This threatens our nation's economic health and our security. "When we filed the case, we highlighted the significant cyber threat every company faces, and we began a dialogue about the need to reform our antiquated laws. We have made strides in that arena, but we believe more cooperation and collaboration is needed between the federal government and the private sector to address the continued threat of malicious cyber crimes and to provide reasonable legal avenues available for corporate victims to seek remedies. When there is active movement in this direction, we will be able to evaluate the best next steps for our trade secrets claim." United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 250 company with major operations in the United States and Central Europe. For more information about U. S. Steel, please visit www.ussteel.com. SOURCE United States Steel Corporation
By Sohrab Darabshaw ,2017-02-14 09:14:19
Two years ago, India overtook the U.S. to become the third-largest steel producer in the world, but now finds itself a net importer of steel in 2015-16. To address this and other steel issues, the Indian government has drafted and recently released a “National Steel Policy” for 2017. The policy aims for production target of 300 million metric tons per year by 2030-31, up from the current 122 mtpy, a reduction in imports and also a hike in the current production of a crucial raw material, coking coal. India’s steel ministry says the policy is an effort in steel circles in India to steer the industry to achieve its potential and a strategy to overcome various hurdle such as high input costs, lack of availability of raw materials, and to try to achieve the 300 mtpy target in an environmentally friendly manner so that the country can reach its corresponding global efficiency benchmarks. A major disadvantage that the Indian steel sector faces is the limited availability of essential raw materials like coking coal, both in quantity and quality. Most steel producers have to depend on imports to overcome this impediment, mostly from neighboring China. The National Steel Policy aims at achieving increased domestic availability of washed coking coal so as to reduce import dependence on coking coal by 50% by 2030-31. Under the plan, India is aiming for per capita steel consumption of 160 kilograms per person from the present 61 kg. India’s crude steel production in 2015-16 was 89.77 million metric tons. The country’s steel sector, the only silver lining in an otherwise bleak global steel economy last year, faced challenges. Heightened steel demand domestically in India could see it get there. In 2015, for example, India was the only large economy in the world where steel demand continued to grow positively at 5.3%, against negative growth in China at -5.4%. The Steel Ministry is seeking comments on the policy draft from stakeholders and public. Source: http://seekingalpha.com
By EJOT ,2017-02-14 08:51:13
Acquisition of the Finnish company Sormat EJOT is expanding its activities in the Building Fasteners division In the course of a strategic expansion the EJOT Group has taken over Sormat, a company based in Finland. With this step EJOT is expanding its activities in the area of anchoring technology. Sormat is one of the leading manufacturers of fastening and anchoring technology in Northern Europe. Sormat products are available in more than 40 countries around the world. The company, which currently employs 80 people, was founded in 1970. The high-quality heavy load fixings serve different target. This acquisition strengthens EJOT's activities in the field of heavy load and anchoring technology. „We see great opportunities in this merger to open up new customer groups“, emphasizes Christian Kocherscheidt, CEO and shareholder of the EJOT Group. The basis for this are complementary product ranges and areas of competence, as well as the same values for which we stand: quality, innovation and service. The EJOT Group is represented in 32 countries with its own production and sales companies and generates a turnover of 450 million euros with 3,000 employees. Source: http://www.ejot.com
By SADDLE BROOK, NJ (PRWEB) ,2017-02-17 00:00:00
Whether you're looking for fresh décor inspiration, practical how-to advice or a fun crafting project, Arrow Fastener helps to match the right tool to your project needs. Arrow Fastener Company, the creator of the iconic T50® stapler, is inviting do-it-yourselfers to explore its all new interactive website highlighting its user-friendly, smart tools and introducing everyday project ideas to a new generation of weekend warriors. Want to know what kind of stapler to use to install a new wood floor? Or, do you need to check what size staple is right for art canvas? Need to know which glue gun is best for crafting? How about how to load a bottom-loading electric stapler? Just ask Arrow. "The new site focuses on the products it takes to tackle and complete a variety of simple home improvements and projects," said Bill Sokol, Vice President, Marketing. "Arrowfastener.com is a go-to destination site for project know-how and tool tips." The site includes extensive product information to help customers understand Arrow's complete range of solutions, including technical data, videos and project case studies. The ‘Awesome' section of the site links users to Arrow's social media activity so they can be connected to the latest company and industry news, while Arrow's homemade videos show tools in action. Within the confines of the site, customers can head over to the ‘Projects' tab to browse project ideas and learn helpful tips and tricks, and pick-up skills from other DIYers and industry pros. The Right Product – And the Right Staple – for the Project Arrow Fastener makes it fast and easy for users to find the right staple, stapler, pneumatic tool, glue gun or hammer tacker to meet a specific need. The emphasis is on projects, not merely products, and the site offers a new way to select tools online. Content like tutorials and DIY tips will be continuously added to the site under the dedicated projects section so that there is always new information from a variety of pros and DIYers. The company also solicits help from DIY bloggers to demonstrate simple, DIY projects and crafts, as well as the tools they use. New projects and ideas for seasonal crafts and practical tips will be added to the site on an ongoing basis. All users can share their projects via Pinterest or Facebook. In order to stay connected with Arrow, the user can subscribe to and follow various social media channels to stay up to date on any new and useful developments. The new website has been designed to provide the ultimate user-friendly experience with improved navigation and search functionality, allowing customers to access detailed product – and project – information and videos with the option to share across all major social networking sites. The site ensures that visitors have a user friendly experience across their mobile devices, desktops and laptops. At nearly 90 years young, Arrow Fastener continues to innovate tools and crafting items for a new generation. Arrow Fastener has tools to fix almost everything – from broken screens to loose lattice. Its wide range of easy fastening tools can be used to reupholster a favorite easy chair or give a fresh look to a bed headboard. Staples and glue guns are essential for crafts and hobby projects, and Arrow offers a full assortment of easy-to-use products. Building pros have relied on Arrow® products for decades for jobs like fastening roofing felt to insulating the attic to fastening wires and cables. About Arrow Fastener Company Arrow Fastener Company, LLC is a leading manufacturer of manual and electric staple and nail guns, glue and rivet tools which are sold to consumers and commercial contractors, primarily through home centers, mass merchants and specialized retailers. Founded in 1929, Arrow Fastener was acquired by Masco Corporation in 1999. For more than five decades, the T50® staple gun has been the industry standard, as the world's best-selling staple gun. Today, Arrow Fastener is a trusted supplier of reliable, innovative and affordable products for the building trade professional and do-it-yourselfer. For more information, visit http://www.arrowfastener.com. About Masco Corporation Masco Corporation, parent company of Arrow Fastener, is one of the world's largest manufacturers of brand-name consumer products for the home and family, including Behr® paint, Delta® and Hansgrohe® faucets, bath and shower fixtures, KraftMaid® and Merillat® cabinets, and Milgard® windows and doors. Masco is also a leading provider of services that include the installation of insulation and other building products through Masco Contractor Services and Masco Home Services. Visit http://www.masco.com for more information on the Masco family of brands. Source: http://www.prweb.com
By ARaymond Turkey ,2017-02-10 14:48:07
For the past ten years, ARaymond Turkey* has been steadily expanding production lines at its Kocaeli plant near Istanbul. Faced with growing demand from the automotive sector, the plant recently decided to increase both its production and warehouse capacity on-site. As a result, ARaymond Turkey is constructing a brand-new 2500m² extension to the current plant, which will be fully operational this year. "Increasing production" The extension to the Turkey plant is largely customer-driven. Following an increase in requests for electric and cooling system components, ARaymond Turkey invested in an in-house tool shop in 2015 and established active training programs and quality focused methods within production and quality teams which greatly improved quality of production and service level. Once the new extension is finished it will provide room for a further 20 injection machines plus additional semi-automatic Quick Connector assembly machines, thereby increasing production once again in 2017 to accommodate further growth in a healthy way. "Much-needed storage" Storage is also a crucial factor in building the new extension. ARaymond Turkey produces large parts and needs room to accommodate the machines on the shop floor and store the parts before shipment. The new warehouse will have a 6500-pallet capacity and will provide much-needed vertical storage for the racks of plastic parts awaiting delivery. "Great achievement" Alp Ozpar, Managing Director of ARaymond Turkey noted that the extension will also lead to more stream-lined working conditions for the team in Kocaeli. He explained “With the recent increase in production orders, conditions had become a little cramped in the plant. Thanks to this new extension we will have more space to work, optimize flow, build capacity from within, build healthy growth patterns and increase our delivery and quality performance, which is a great achievement for our team and our company.” "Good news for the local economy" The extension is also good news for the local economy as ARaymond Turkey is planning to create new jobs in the logistics and production departments following the expansion. The plant currently employs 212 members of staff and Alp Ozpar estimates that this figure will rise to 228 employees by 2017. He commented “We will focus on our core business development field in the following 2 years and I hope to increase the production of Cooling System Quick Connectors in order to become a hub in the region and I also hope to increase Clips to generate a sustainable revenue level. Once the new extension is up and running, we will be able to focus our energy and resources on new large-scale projects in both Turkey and the EMEA thanks to our qualified and reliable team and infrastructure with surely the great support of ARaymond Network**.”
By Ivan SU, Editor of CFM ,2017-02-09 09:59:26
On Feb. 4th, the 14th Sodality of Yongnian Fastener Enterprises and Products Exhibition solemnized its opening. More than 10,000 supply agreements was concluded at the show, valued at more than 3 billion Yuan. That’s a satisfactory achievement. Based on the introduction of management committee of Yongnian’s industry development, the expo was one of the three exhibitions in Handan approved by government of Hebei Province. Since 2004, the expo has been held for 13 times and the exhibition has attracted thousands of people in fastener industry every year. Now it has become a grand gathering with the biggest influence, largest scale and most comprehensive products. The exhibition was hosted by the government of Handan, lasting for 2 days. Leaders of the government took part in the show. Plenty of famous fastener manufacturers from Shanghai, Zhejiang, Guangdong and other places participated in the exhibition for the first time, which was the first time that companies from other places joined in the show. More than 1,000 producers in Yongnian County and more than 3,000 distributors from other places of China showed up at the exhibition, totaling 60,000 people. The number of companies and attendees were nearly 20% more than that in the previous year. The expo covered 8,000 ㎡ with 300 booths including 30 special booths. Not only all fastener products types in Yongnian County were exhibited, but also some relevant products were showed in the expo such as hardwares, moulds, manufacturing equipment. Especially the host set up a new area “Famous, High-quality and Special Local Products of Yongnian” and financial exhibiting area to promote local products of Yongnian and to help manufactures open new markets. They introduced relevant financial products to fastener companies and helped companies solve their problems in financing. At the same time, a communication conference for technician and talents exchange was held in the expo. This was the first talent exchange conference which attracted more than 100 companies. More than 500 job positions were offered to technicians of which more than 300 employees were freshly graduated from college degree. Based on some reports, Yongnian’s fastener industry has become the only special industry in Handan whose output value reached near 20 billion Yuan. 300,000 people are engaged in the manufacture and sales of fastener products. More than 4,200 companies were registered as manufacturers and 2,200 companies are running in sales business. The output and sales volume take account for 45% of the whole output and sales volume of China. Source: CFM
By Ivan SU ,2017-01-21 00:00:00
Year of the rooster is coming. In the afternoon on Jan. 18th, 2017, the New Year’s Greeting Party of China’s Fastener Industry was jointly hosted by CMCA-China Fastener Industry Association and ChinaFastener.com in Huating Hotel & Towers, Shanghai, China. More than 40 leaders and representatives of some associations in China, such as CMCA-China Fastener Industry Association, Shanghai Fastener Industry Association, Zhejiang Fastener Industry Association, Fastener Association of Guangdong, Ningbo Fastener Association and China Wenzhou Fastener Association and famous fastener companies attended the party to greet the coming of new year. The party is the most important meeting in China’s fastener industry to greet the coming of Chinese traditional lunar new year. Here is the latest news. Mr. Xue Kangsheng, new president of CMCA-China Fastener Industry Association presided at the meeting. He welcomed all attendees with open arms and sincere thanks. Mr. Xue Kangsheng Then, Mr.Feng Jinyao, honorary president of CMCA-China Fastener Industry Association gave all guests warm welcomes and sincere blessings. He analyzed the gains and losses of China’s fastener industry in 2016 and emphasized how a large-scale company could upgrade itself to be high-grade, hig-precision and advanced. Mr. Feng Jinyao What’s more, leaders of associations summarized the situation of fastener industry in their regions and predicted the development trends. They thought that an industry reshuffle was inevitable in 2017. Besides, leaders of some famous companies such as Shanghai Biaowu, Jinan Star, Hunan Shenyi also reported their development in 2016 and focused on the upgrading of techniques and production skills, strengthening the idea of environment protection and improving added value of products. Last but not least, Mr. Shen Deshan addressed the meeting on the development trend of steel and iron price in China. He said, the government cut the capacity of steel and strictly forbade the production of low-quality steel and iron products in 2016. At the same time, the government devoted greater effort to supervise and control steel producing companies and many producers were closed. The steel price was going up significantly in the second half of 2016. Based on the current situation, it’s expected that the steel industry in China will be unpeaceful in 2017. At the end of the party, everyone gave sincere blessings to each other and hoped the industry be better in the future. The meeting successfully concluded in a lively and happy atmosphere. Source: ChinaFastener.com
By Financial Tribune ,2017-02-15 00:00:00
The Seventh Iranian Steel Market Conference opened in Tehran on Feb. 14. (Photo: Forough Alaei) Throughout history, the path to industrial development has been paved by steel industry. It has built up invaluable infrastructures, spearheaded technological development and spurred economic growth. For Iran, the steel industry is set to play an even more important role. After years of crippling sanctions, the country wants to get its industries back on track and streamline economic growth. This is while low oil prices have failed to boost revenues and drive the economy. The most potential alternative is the development of the mining sector, especially the steel industry. The Seventh Iranian Steel Market Conference, hosted by Donya-e-Eqtesad media group, opened in Tehran on Tuesday with exactly this aim in mind. It brought together a host of steel industry officials, local and foreign players and market analysts to follow up on last year’s post-sanctions excitement and clear the industry’s path to growth. The industry is currently grappling with various challenges on both foreign and local fronts. The Chinese steel armada is still strong and threatening global markets. While demand is growing slowly, the rise of protectionist trade policies is hurting the prospects of exporters. Domestic Targets, Challenges In Iran, the government is doing its best to reach the 55-million-ton steel production capacity goal envisioned in its 20-Year Vision Plan (2005-25). The goal’s achievability, however, is challenged by the downstream sectors' unbalanced supply of raw materials and the underdeveloped transportation infrastructure needed for boosting exports. Both require billions of investments, the procurement of which has proven to be the main bottleneck in post-sanctions Iran. Iranian speakers at the conference included the head of Iranian Mines and Mining Industries Development and Renovation Organization, Mehdi Karbasian; Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh; former parliament speaker, Ali Akbar Nateq-Nouri; the head of Islamic Republic of Iran Railways Company, Saeed Mohammadzadeh; and the head of Iran Mercantile Exchange, Hamed Soltani-Nejad Managing director of Spain’s Sarralle group Javier Esquiroz; CEO of Italy’s Danieli Group Gianpietro Benedetti; the head of Germany’s SMS Group, Burkhard Dahmen; CEO of Austria’s INTECO, Harald Holzgruber; and Turkish Steel Exporters Association’s market analyst, Cihan Akedniz, were among the notable foreign participants. "The Iranian steel industry is now in its fifth decade. Ever since we started, the lack of balance [between raw material supply and steel production] was a concern for industrialists. The issue has now partly been resolved as a result of boosting mineral exploration and establishing a string of upstream plants,” said Karbasian, who is also deputy minister of industries, mining and trade. According to Nematzadeh, over the past four years, the industry’s pellet production capacity has grown 66% to 35 million tons, DRI capacity has risen 42% to 27 million tons and crude steel capacity is up 29% to 31 million tons. However, completely resolving the issue of raw material scarcity and realizing the 2025 steel expansion goals require close to $30 billion of investment, the attraction of which has been one the main goals pursued by industry players in post-sanctions Iran. Karbasian appeared confident that despite the challenges, the outlook is bright for growth in the steel industry. "Annual demand for steel in the Middle East and North Africa region is 71 million tons, while member countries only produce 36 million tons. Considering the potential of Iranian mines, the country’s gas reserves and its steelmaking capacity, we believe investing in Iran is going to be lucrative for [both local and foreign] investors,” he said. Karbasian noted that low gas prices and abundance of DRI means Iran has a competitive edge compared to other producers who use coal, the price of which has more than doubled in the last two years. Steel prices are also set to rise on the global scale. China has been forced to cut down its production capacity due to environmental issues. This is expected to reduce global supply and positively impact the markets and consequently Iranian exports. Iranian steelmakers exported more than 4.4 million tons of crude steel and steel products during the 10 months to January 19, registering a 45% growth compared with last year’s corresponding period. > Underdeveloped Transportation Sector "If we are to produce 55 million tons of steel under the current conditions of our transportation sector, it will be as if we first build a factory in the middle of Tehran and then wonder how to ship the products out,” said Saeed Mohammadzadeh, managing director of Islamic Republic of Iran Railways Company. During the 10 months of the current Iranian year (March 20-January 19), 66% of the country’s iron ore and coal production were transported via land, while railroad transportation accounted for only 28% of the total amount. Based on IRIR’s forecasts, 224 million tons of mineral products will be transported every year in Iran by the end of 2025. Mohammadzadeh noted that with the current rail infrastructure in place, only one-third of this figure will be transported using rail and this will inflict high costs on producers. In order to fix this deficiency, the government and the private sector must collaborate in developing the transportation sector by boosting investments, as IRIR’s revenues from duties on transportation are not sufficient for expansion plans. > The New Normal According to Gianpietro Benedetti, the CEO of Danieli Group, the global steel market has entered a “new normal” period and is set to remain balanced for at least the next two years. Steel markets around the world have a history of fluctuation with the emergence of new, major developments such as the Second World War, the collapse of Berlin Wall and the fall of the Soviet Union. The last major occurrence in recent times was the rise of China, which boosted global steel consumption by over a billion tons per year. "China is now in a flat situation with no [noticeable] up or down in consumption. Global quantity will not increase, prices will slightly improve and protectionist policies in different areas such as the US and the EU will become dominant. In our opinion, this new normal will stay on for quite some time,” said the Italian official. What can be done during the new normal period? According to Benedetti, the obvious answer is to improve product quality, increase value added and lower production costs, which is “very simple to say and very difficult to do”. And Iranian steel, with the relative advantages it boasts, can thrive in this environment. "[Iranian steel] is blessed by God. You have iron ore, energy and competitive [production costs]. Theoretically and practically, you are the one that can produce billets and slabs with lower costs. You could be 15% less expensive than the Chinese and 25% less than producers in the United States,” he said. Benedetti elaborated on Danieli’s operations in Iran and how it is striving to improve the productivity of Iranian plants. The Italian firm is currently cooperating with Khorasan and Mobarakeh steel companies to reduce their production times and costs. With Khorasan, improved types of wired rods, blooms and ingots are planned for production. With MSC, Danieli is set to establish a new production line to manufacture steel sheets with special aesthetical effects such as wood, brick and any other texture that clients require. Javier Esquiroz, the head of Sarralle group, also hailed the potential of Iranian economy for foreign investors. "You have a diversified economy, the largest gas reserves of the world, significant mineral reserves, as many engineers as the United States, an 80-million population, and an entrepreneurship tradition with an impressive startup community. These strengths, if managed, can generate high value-added for the steel industry,” said Esquiroz. Sarralle’s projects in the Iranian steel industry include setting up a smelting shop in South Kaveh Steel Company in Bandar Abbas, establishing electric arc furnaces and slab casters in Arvand Jahanara Steel Company in Khuzestan Province’s Abadan City, establishing a rolling mill for Arvand Kaveh Steel Company also in Abadan City, and setting up a smelting shop in Iran Alloy Steel Company in Yazd Province. Esquiroz added that Spanish banks have announced their complete readiness to finance projects in Iran. With such optimistic international partners, Iran is on the cusp of a breakthrough in steel growth and prosperity. Source: https://financialtribune.com
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.
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.
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).
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!