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  • Huge Demand in fastener industry in Germany! How to gain more market share?

    Huge Demand in fastener industry in Germany! How to gain more market share?

    By ChinaFastener.com| 2016-12-22 00:00:00

    The statistic of UN Comtrade illustrates that in the first half year of 2016, the imported fastener products of Germany is valued at US$ 1,802,104,035, up 4.61% versus last year; the exported fastener products during the same period is worth US$ 2,786,051,684, 1.89% more than that in the first half year of 2015. Depending on the data, we could see that the exports value of German fastener products in the first half year of 2016 is going up steadily with monthly average export value reaching about US$ 0.46 billion; the import value of German fastener products is rising at a slower rate but the monthly import value averages near US$ 0.3 billion which means that the total demand for fastener products in Germany is large. The chart below shows that the top five countries (regions) of imported fastener products value of Germany in the first half of 2016 is Italy, Other Asia nes, Switzerland, USA, and Netherlands. The products imported from the USA enjoy the highest unit price, about US$ 16.13/kg, which is 6.5 times as much as the unit price of fastener products imported from China. The chart below shows that the top five countries (regions) of exported fastener products value of Germany in the first half of 2016 is China, France, Czech Republic, the USA, and Austria. The products exported to the USA enjoy the highest unit price, about US$ 9.39/kg, and the average unit price of the other countries is around US$ 6.5/kg. In a word, the fastener products of Germany are popular and favored by companies in Europe and America due to their high quality. The value of exports exceeds largely the value of imports. The average unit price of fastener products exported from Germany to China is 2.8 times as much as the average unit price of fastener products imported from China to Germany. The value of imported fastener products of Germany sums up to US$ 1.8 billion but Chinese companies only occupy 5.08% of the market share. If Chinese companies want to develop German and European markets, it’s of great importance to position themselves and to improve the quality and added value of their products based on the local market demands. To help companies know more about the demand and favorites in European fastener market, 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, visiting Fastener Fair Stuttgart, European local famous fastener companies, and local markets. 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: Ella@chinafastener.com QQ: 550488805
  • 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: Ella@chinafastener.com 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.

Industry Activities

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 CFM ,2016-12-15 00:00:00

ChunQing Precision Hardware Factory is a professional manufacturer, producing various of non-standard and standard fasteners for more than 10 years. Its factory has passed ISO 9001:2008. And the production equipment they have are: multi-function cold-heading machines which can produce the screws from M1.7 to M16, thread rolling machine, automatic screening equipment, salt spray test machine, VH tester, thread pluggauge, digital caliper, dial caliper, etc. Their products are hexagon bolts, special hexagon socket bolts, auto bolts, carriage bolts, studs bolts, engine cover bolts, reamer bolts, auto fasteners, hand screw bolts, drywall screws, hex screws, knurl nuts, rivet, hex socket rivet, thru-hole rivet, rivet nut, special cross head screws, self-tapping screws, washers etc., and various of customized non-standard screws.    Its strong points are, more than 10 years professional technicians, very stable and more than 5 years experienced workers, who can support worldwide customers with customers' different demands, and assist customers on designing or improving design once the clients need, quick action on sampling, and strict QC during the production procedure, reasonable competitive price and good sales service. The company is a reliable, honest and loyal factory. Clients' satisfaction on their work and double win on both sides is their purpose. The company sincerely welcome all customers to visit their factory, and they would be very pleased to assist all clients' inquiries and demands.   ChunQing Precision Hardware Factory Contact Person: Rosemary Tel: 86-769-81391356 Fax: 86-769-81391357 Email:  rosemary.xu@chunqingfastener.com Website: www.chunqingfastener.com; http://www.chunqing.chinafastener.com/ Address: No. 55 2nd Zone YangBei YangWu Administrate District Da Lang Town Dong Guan City GuangDong, China

By auto.sina.com.cn ,2016-12-12 08:56:36

Raw Materials

By Reuters ,2017-01-16 00:00:00

TOKYO, Jan 16 (Reuters) - Tokyo Steel Manufacturing Co Ltd <5423.T>, Japan's top electric-arc furnace steelmaker, will raise product prices for a third straight month, citing firmer international prices and domestic building projects getting under way for the 2020 Olympics. Tokyo Steel, which makes beams and bars used for in the construction industry, said on Monday product prices will climb by about 2-4 percent for February delivery, marking the first time in nearly six years that it has raised prices for three consecutive months. [nL4N1EE1K0] Managing director Kiyoshi Imamura said at a news conference there is room for the company's prices to move even higher later this year. Tokyo Steel's pricing strategy is closely watched by Asian rivals such as South Korea'sPosco <005490.KS> and Hyundai Steel Co <004020.KS>, as well as China'sBaoshan Iron & Steel Co (Baosteel) <600019.SS>. "The steel market has been under pressure due to massive China production and exports in the past two years," Imamura said, "but things look different now as China's demand has recovered while its exports have declined." Among Olympic construction projects under way in Tokyo, Imamura cited the building of the main stadium to host the games, with work on the Olympic village for athletes due to start this month. The latest move would translate to price rises of 1,000-3,000 yen ($8.80-26.30) a tonne, Imamura said. ($1 = 114.0500 yen) (Reporting by Yuka Obayashi; Editing by Kenneth Maxwell) Source: Reuters

By Ravi Ananthanarayanan ,2017-01-13 09:24:32

In December, steel consumption rose by 5.2% over a year ago and by 17.1% over November, according to data collated by the government’s Joint Plant Committee. Photo: Bloomberg If demonetisation has affected steel-consuming sectors such as automobile and construction/real estate, how come steel consumption is rising? In December, steel consumption rose by 5.2% over a year ago and by 17.1% over November, according to data collated by the government’s Joint Plant Committee (JPC). In November too, consumption was up by 3.8%, although it did decline sequentially. Specific factors appear to be behind this increase and the underlying demand for steel remains weak. Consumption data reported by JPC represents sales made by steel producers to buyers such as steel dealers—who then sell to actual consumers—and large companies such as in the automobile or projects sectors. In December, the purchasing teams of large consumers of steel got wind that steel companies will be increasing prices January onwards, said Puneet Paliwal, consultant at research and consultancy firm CRU Group. Higher input costs, especially of coking coal, had led to talk of price increases. Large consumers of steel bought additional quantities in December to build stocks for future use, which explains the sharp increase. In November, the increase although relatively slower, was seen due to dealers stocking up steel while they could use their stock of demonetised currency, according to Vivek Jain, associate director (large corporates) at India Ratings and Research Pvt. Ltd. They have stocked up on additional inventory, to be sold in future months. Firms have announced a hike in flat steel prices in January, as predicted, but maintaining higher prices will be tough. Steel mills have purchased raw materials at high prices, but the market may be unable to absorb higher steel prices, says Paliwal. Underlying demand conditions are weak, due to demonetisation. The export market, too, is not supporting higher realizations and it may get tougher when the Chinese New Year holidays see more exports from China as local activity ebbs. If both dealers and companies have stocked up on inventory and demand is not robust, things may get tougher. The coming months may, therefore, see reported consumption growth under some strain, till the surplus steel already in the market gets absorbed. A quick revival in demand in user sectors could do the trick as well, although that’s an idle hope at this point. Steel producers may, therefore, have to decide between exporting more or cut back on output. Analysts are predicting the latter. Meanwhile, the December quarter results of large steel companies may show a surge in sales based on JPC data. Tata Steel Ltd’s December quarter saleable steel output rose by 25.8% over a year ago while sales rose by 27.5%, partly due to volumes from its new plant. JSW Steel Ltd reported a 43% year-on-year increase in crude steel output. While the headline financials should look good, based on these numbers, investors should pay more attention to what managers say about real steel demand conditions in the domestic market. Source: LiveMint.com

Company News

By STAFDA ,2016-12-28 00:00:00

ELM GROVE, WI — Members of the Specialty Tools & Fasteners Distributors Association (STAFDA) elected 2017 officers and directors shortly before their 40th Annual Convention & Trade Show, November 6-8, in Atlanta, GA. Tom Leahy, Chief Operating Officer, Border Construction Specialties, Phoenix, AZ, was elected president of the Association. Leahy's responsibilities include managing facilities, assets, insurance, supply chain, safety, and sales teams at their 12 locations. He has over 28 years of sales, marketing, operations, human resources, and purchasing experience. Border has been a STAFDA member since 2008. Tom Leahy STAFDA 2017 president, COO of Border Construction Supplies Michelle St. John STAFDA 2017 vice president, president of Industrial Bolt & Supply STAFDA's new vice president, Michelle St. John, is president of Industrial Bolt & Supply (IBS), Auburn, WA. IBS was founded by her parents, Jack and Linda Butcher, in 1977 as a distributor focused on the MRO market. They have sales operations in eight western states. IBS joined STAFDA in 1978. Serving three-year terms are two new members of STAFDA's Board of Directors: Jeff Brown, president/owner, Brinker-Brown, Ft. Myers, FL and Greg Hughes, president/owner, Kinnunen Sales & Rentals, Stillwater, OK. They replace outgoing Board members Rod Gowett, Acme Gonstruction Supply, Milpitas, CA and Ronnie Mann, Mann Tool & Supply, West Columbia, SC. There will also be new faces on STAFDA's Manufacturers and Rep Liaison Committees in 2017. Joining STAFDA's Manufacturing Liaison Committee are Tom Carroll, C.S. Unitec (Nonrualk, CT), Jude Nosek, Keson (Aurora, IL) and Dave Steiner, Stanley Black & Decker (New Britain, CT). Outgoing Committee members are Kari Holcomb, COX North America (Haslett, Ml) and Wayne Quarls, Spectra Precision/Trimble, Dayton, OH. lncoming Rep Liaison Committee members include Todd Offner, Baxter-Rutherford (Seattle), John Spadafora, McGonnell-Spadafora, lnc. (Burlington, ON), and Rob Wallace, Ron Wallace & Associates (Clover, SC). Outgoing Committee members are Steve Kraft, Pro Staff Sales (Dadeville, AL) and Bob Patch, Canow-Western (Chino, CA). Source: www.inddist.com

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: Ella@chinafastener.com 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.

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