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  • Declining for two years in a row of global per capita steel consumption

    Declining for two years in a row of global per capita steel consumption

    By CFM| 2016-06-23 10:55:06

    Based on the annual statistics from The World Steel Association, the global per capita apparent consumption of finished steel in 2015 has declining for two consecutive years, which decreases to 208.2 kilograms, 4.1% decreased comparing with the volume of 217.1 kilograms of last year and 4.4% decreased comparing with the volume of 217.8 kilograms in 2013. However, the consumption of 2015 is still higher than that of 2012. In Asia, there is a sharp decline of China’s average consumption of steel in 2015. The average consumption of steel in Japan and Taiwan decline to 497.3 kilograms and 750.6 kilograms respectively. On the contrary, the consumption of India and South Korea keep growing and India reaches its highest record of 60.6 kilograms. However, it still fails to reach the level of one-third of the global average. South Korea maintains the top of the global average consumption of steel, which reaches 1113.6 kilograms. But it is still lower than the consumption of 1207.4 kilograms in 2008. In America, the average consumption of steel of North America and Central and South America both decline. The average consumption of steel of USA, Canada and Brail decrease to 297.4 kilograms, 404.6 kilograms and 102.6 kilograms respectively. Mexico and Argentina keeps growing, which increase to 190.6 kilograms and 121 kilograms. In European Union, the average consumption of steel reaches 303.5 kilograms in 2015, which maintains increasing for three consecutive years. But it is still lower than the volume of 311.6 kilograms in 2011. Africa keeps increasing for 5 consecutive years, which reaches 33.1 kilograms in 2015. But it is still the lowest average consumption of steel in the world.
  • Japan Steelmaker Plans $50m Indiana Wire Facility

    Japan Steelmaker Plans $50m Indiana Wire Facility

    By Global fastener news| 2016-06-23 00:00:00

    Japan’s largest steel producer plans to open a $50 million manufacturing facility employing up to 70 workers by the end of 2021, the Indianapolis Business Journal reports. The new plant will process steel wire used for fastener applications by the automotive parts industry. The 150,000-square foot facility is expected to be fully operational by spring 2017, according to the Journal.
  • By 2020, Asia Fastener Market will be at $44b

    By 2020, Asia Fastener Market will be at $44b

    By Global fastener news| 2016-06-22 09:50:21

    Asia industrial fastener market is expected to reach USD 44.12 billion by 2020, according to a new study by Grand View Research, Inc. Growing automotive demand in light of increasing disposable income of consumers is expected to propel demand for industrial fasteners over the next five years. China dominated the Asia fasteners market in 2013 and the trend is anticipated to continue over the forecast period on account of rapid expansion of domestic manufacturing base. India is expected to witness the fastest growth over the projected period as a result of increasing automotive production. In addition, infrastructure improvement in emerging economies is likely to propel demand for screws, bolts and rivets. Economic growth and rapid industrialization in China, India, Malaysia, Vietnam, Malaysia and Thailand is anticipated to stimulate investments for construction which in turn is likely to augment industrial fastener market over the projected period. Increasing use of fasteners in the manufacturing of automotive parts including engine, body, molding, suspension system, frame, body assembling and wheels is expected to drive market growth. Growing production of aircraft parts in China on account of “The 2011 State Council Policy” for aerospace sector is expected to spur market growth. Increasing number of regional manufacturers in China including Shanghai, Chengdu, Xi’an, Jiangxi and Shenyang is further anticipated to boost industrial fastener market over the forecast period. However, rising market share of substitutes such as PU adhesives is anticipated to restrain industrial faster market in the automotive and construction sector over the forecast period.
  • The 13th edition of International Seminar of Robot in Beijing

    The 13th edition of International Seminar of Robot in Beijing

    By CFM| 2016-06-22 00:00:00

    On June 20th, 2016, CNSA(China National Space Administration) holds the 13th edition international seminar of artificial intelligence of space, robots and automation in Beijing. Centering on the subjects of the development and the future of artificial intelligence of space, the officials and scholars of aeronautical and astronautical institute from over 10 countries communicate with each other, including USA, Germany, Japan and Canada, etc. It is known that China’s space robot and artificial intelligence of space develop very fast in recent years, especially a series of achievements are obtained in the fields of space on-orbit service, space assembly and manufacture and the exploration of moon and deep space. Chang’e 3 has successfully sent a Jade Rabbit roaming across the Bay of Rainbows. In the seminar, the Chief Engineer of National Defense and the Secretary of National Space Administration Tian Yulong expresses that it has a wide application prospect of space robots’ space on-orbit service, space probe and deep space probe. The development of technology of space robot will push the sustainable development of China Aerospace move forward and promote the innovation of technology and the completion of the laws and policies.

Industry Activities

By CFM ,2016-06-23 10:55:06

Based on the annual statistics from The World Steel Association, the global per capita apparent consumption of finished steel in 2015 has declining for two consecutive years, which decreases to 208.2 kilograms, 4.1% decreased comparing with the volume of 217.1 kilograms of last year and 4.4% decreased comparing with the volume of 217.8 kilograms in 2013. However, the consumption of 2015 is still higher than that of 2012. In Asia, there is a sharp decline of China’s average consumption of steel in 2015. The average consumption of steel in Japan and Taiwan decline to 497.3 kilograms and 750.6 kilograms respectively. On the contrary, the consumption of India and South Korea keep growing and India reaches its highest record of 60.6 kilograms. However, it still fails to reach the level of one-third of the global average. South Korea maintains the top of the global average consumption of steel, which reaches 1113.6 kilograms. But it is still lower than the consumption of 1207.4 kilograms in 2008. In America, the average consumption of steel of North America and Central and South America both decline. The average consumption of steel of USA, Canada and Brail decrease to 297.4 kilograms, 404.6 kilograms and 102.6 kilograms respectively. Mexico and Argentina keeps growing, which increase to 190.6 kilograms and 121 kilograms. In European Union, the average consumption of steel reaches 303.5 kilograms in 2015, which maintains increasing for three consecutive years. But it is still lower than the volume of 311.6 kilograms in 2011. Africa keeps increasing for 5 consecutive years, which reaches 33.1 kilograms in 2015. But it is still the lowest average consumption of steel in the world.

By Global fastener news ,2016-06-22 09:50:21

Asia industrial fastener market is expected to reach USD 44.12 billion by 2020, according to a new study by Grand View Research, Inc. Growing automotive demand in light of increasing disposable income of consumers is expected to propel demand for industrial fasteners over the next five years. China dominated the Asia fasteners market in 2013 and the trend is anticipated to continue over the forecast period on account of rapid expansion of domestic manufacturing base. India is expected to witness the fastest growth over the projected period as a result of increasing automotive production. In addition, infrastructure improvement in emerging economies is likely to propel demand for screws, bolts and rivets. Economic growth and rapid industrialization in China, India, Malaysia, Vietnam, Malaysia and Thailand is anticipated to stimulate investments for construction which in turn is likely to augment industrial fastener market over the projected period. Increasing use of fasteners in the manufacturing of automotive parts including engine, body, molding, suspension system, frame, body assembling and wheels is expected to drive market growth. Growing production of aircraft parts in China on account of “The 2011 State Council Policy” for aerospace sector is expected to spur market growth. Increasing number of regional manufacturers in China including Shanghai, Chengdu, Xi’an, Jiangxi and Shenyang is further anticipated to boost industrial fastener market over the forecast period. However, rising market share of substitutes such as PU adhesives is anticipated to restrain industrial faster market in the automotive and construction sector over the forecast period.

Raw Materials

By CFM ,2016-06-14 11:45:41

There is continuous trade conflict of steels between China and USA. Li Keqiang, the Premier State Council, says that the root causes of excess production capacity are the weakness of world economy recovery, slow increasing of international trade and the decreasing of market demands. Thus, the market laws need to be followed for China to deal with the problem of excess production capacity. Before Li’s words, Jacob Lew once gave a speech that the excess production capacity of China’s steel had harmed and contorted the global market. In regard to this, Lou Jiwei, who is the minister of China’s Ministry of Finance, gives a powerful fight back based on the previous datas and the present actions China is taking to reduce the production capacity. Lou: China is not anymore carrying out the planned economy. Viewing from the data, China is no doubt a global steel superpower of production. Based on the data from The World Steel Association, at present China makes a supply of 50% of world’s steel, whose production exceeds far more than that of one single country. In the first quarter of 2016, China produces steels ten times more than USA. It is disputable that there is excess production capacity of China’s steel. But Lou disproves the statement that China’s excess production capacity harms global market. On the one hand, Lou says that it is after the global finance crisis of 2008 that China produces the over capacity. However, from 2009 to 2011, the economic growth of China contributes a big share of 50% to the global economic growth, especially in the aspects of infrastructure investments, which spontaneously drives the capacity increases of coal, steel and concretes. On the other hand, Lou says that China is no longer carrying out the planned economy. The government cannot release the tough targets to the enterprises. At present, there are over 50% of private enterprises of steel enterprises. Actually, there is no so much intersection in the field of Sino-American steels but America is the country that launches the most investigations of anti-dumping and anti-subsidy against China. In essence, America wants to carry out the trade protection for the domestic products. China needs to combine the policy and market to solve the problem of excess production capacity. Although China suffers a lot from other countries and areas from all over the world. But China remains to be a responsible country, not only encourages large exports of steel but also tries to solve the problem of excess production capacity from the aspects of reform of supply front.

By CFM ,2016-05-13 00:00:00

Company News

By fastener+ fixing ,2016-06-30 09:41:31

In-line with its company policy to build on the latest technology available, Lazpiur S.A has developed the new BEGItech CLT inspection system, which is able to provide full inspection of fasteners.                                                 The newly designed BEGItech CLT machine relies on a powerful software package with calculation capacity that enables the machine to verify 800 parts per minute. Another innovative feature of the BEGItech CLT is that the inspection is performed while the part is in the air. The system provides a variety of benefits compared to other systems such as the glass ramp. Also, this design removes any interference between the vision system and the measured object – doing away with eventual dirt, wear or glass breakage and other issues affecting the measuring function. The part is carried on a belt and then ejected while the vision system photographs the part on the fly, which ensures full and efficient inspection. The BEGItech CLT machine is optimum for parts such as shafts and studs, and meets a market demand in sectors such as screw making and bar turning. The accuracy of this system is 0.005mm, depending on the chosen vision hardware. Lazpiur has launched two versions of the BEGItech CLT machine. The first is designed for small parts up to 20mm long. The second can handle larger parts with a scope of up to 50mm long. Lazpiur products are already sold in 25 countries. Key customers include automotive manufacturers such as Ford or Mercedes, as well as tier one suppliers Lear, GKN and NTN.

Exibition & Association News

By CFM ,2016-06-23 00:00:00

Thursday, Shanghai—yearning in the past 360 days, it finally comes to this special day, the day that belongs to all the entrepreneurs in China Fastener Industry. Fastener Expo Shanghai, this highly expected fair, is declared open at Shanghai World Expo Exhibition & Convention Centre for three days during June 23-25. Invited as the official media, ChinaFastener Magazine brings everyone with interest the first hand material. Arranged as usual, Fastener Expo Shanghai prepares two halls for exhibitors with over 2000 standard booths. Hall 1 is for arranged for exhibitors of fastener machinery when Hall 2 is the demonstrating place for fastener and fixing products. Journalist of ChinaFastener Magazine discovers that on site, visitors from domestic and abroad are mainly attracted by the substantial exhibitors e.g. Jiangsu Washen, BSC, BTP, RET, Yuyao Xintai, Shanghai Fast-Fix, Foshan Sailuk, Dongguan Yibao, Fixdex, Ningbo Fastener Factory, etc. Based on the response, part of these exhibitors demonstrate new fastener products on site, for the sake of getting orders from potential purchasers as well as promoting and developing new markets. Following is to present part of strengths of the fastener entrepreneurs. Jiangsu Washen BSC BTP Yuyao Xintai Shanghai Fast-Fix Foshan Sailuk Dongguan Yibao Fixdex Beijing Jinzhaobo Haiyan Guangda Jiaxing Port Lixin Suzhou Yihong Uni-Protech Haiyan Jinling Haiyan New Shengda Handan Fuqiang Handan Haoqiang Handan Xingbang Jiasan Liwei Jiaxing Lambo Ningbo Yonggang Haiyan Longxin Suzhou XLing

By American fastener journal ,2016-06-17 14:17:43

Fastener News

By CFM ,2016-06-28 00:00:00

Organized by Reed Tradex Company, the 2016 edition of Manufacturing Expo was held during the date from June 22-25 in BITEC, Bangkok, Thailand. Within four days of exhibition, the distributors, traders, manufacturers and specialists from home and outdoor of Thailand has joined in this fantastic show. The journalist, from ChinaFastener Magazine( CFM), witnessed this show and presented the latest information to you.                                                                                                                                Journalist of CFM Most of the visitors were from Southeast Asia and East Asia who were interested in auto parts, CNC machine, household electric appliance and etc.                               With 2,425 brands of technologies from 46 countries, Manufacturing Expo 2016 serves as a grand gateway for manufacturing and supporting industrialists to gain new machines and solutions from all over the world. Moreover, the strong presence of 6 international pavilions from China, Japan, Korea, Singapore, Taiwan and Vietnam ensures the increased level of potential business collaboration which would extend beyond the show duration.                             With honorary attendees from the Ministry of industry as well as public and private organizations from within Thailand and abroad, the show has once again confirmed a strong commitment to serve as the center stage of technology & business opportunities for entrepreneurs, business owners, parts makers, production supervisors, purchasers and other professionals in manufacturing and supporting industries. 

By National Industrial Fastener & M ,2016-05-10 10:26:28

LOS ANGELES — The National Industrial Fastener & Mill Supply Expo has recognized and awarded Bruce Wheeler, Chairman of Star Stainless Screw Company as the 2016 inductee to its time-honored Hall of Fame. The show is also recognizing its first ever Young Fastener Professional award, given to Ryan Kertis of Stelfast Inc. For 35 years, the National Industrial Fastener show has recognized and honored those individuals who have made significant contributions to the betterment of the fastener industry and for the first time ever the show will give a special shout out to the industry’s young professionals in a special, joint award recognition ceremony during the October 2016 event. Hall of Fame Winner: Bruce Wheeler The Fastener Industry Coalition committee reviewed several exceptional nominees and selected the top candidate, Bruce Wheeler, Chairman of Star Stainless Screw Company as the 2016 inductee. Backing this decision is the unwavering dedication demonstrated by Wheeler to provide the best possible service to the fastener community through a decades-long commitment that started many moons ago. Wheeler, started his career back in 1973, working in the warehouse of Star Stainless Screw Company. He worked in nearly every department of the company, moving from the warehouse to the sales department, eventually becoming the branch manager. After nearly a decade in sales, Wheeler elevated to executive vice president and then president. In all his roles and responsibilities, he believes that solid relationships with customers, suppliers, and employees are critical in a successful business and to this day he still operates with an open door policy. “The nuts and bolts of business are easy, the real challenge is in managing a vast number of employees,” Wheeler said. Wheeler is also an invaluable source as a true thought leader for young fastener professionals trying to navigate the industry. “It’s important to acknowledge that our industry is changing and we’re in need of young people who are eager to learn the ropes while we work towards moving our industry forward. And we do that by embracing fresh, new perspectives and ideas from the younger generation of fastener professionals,” said Susan Hurley, show director of NIFMSE. “We are excited more than ever to partner with the Young Fastener Professional community and we’re proud to start recognizing the next generations of young, driven leaders.” Young Professional Fastener Winner: Ryan Kertis The Fastener Industry Coalition committee has selected Ryan Kertis of Stelfast Inc. as this year’s Young Fastener Professional winner. “There were many good candidates nominated for the Young Fastener Professional award, but Ryan Kertis definitely filtered to the top of the list. As the founder of the Young Fastener Professionals association, Ryan recognizes the need to develop the next generation of fastener professionals and is creating innovative ways to help this important group acquire and develop the skills they need to succeed in our industry. We feel this, in addition to his many admirable personal qualities, merits Ryan to be the first recipient of the Young Fastener Professional award”, said Vicki Lester, Fastener Industry Coalition Board of Directors. While attending night classes at Monmouth University to complete his MBA, Kertis first post-collegiate job was with Porteous Fastener Company as an Inside Sales person in 2009. In 2012, he received a Master’s degree in business administration and was presented with an opportunity at Stelfast, Inc. as the pricing manager where he would be responsible for the development & adjustment of customer pricing on a national level. In the short period of time since he has been a part of the fastener industry, Kertis saw the potential for young professionals like himself to thrive and succeed in this industry. In 2014, he founded the Young Fastener Professionals organization that aims to empower the next generation of fastener professionals through a multitude of platforms including educating, collaborating & networking.A special recognition award ceremony to honor Bruce and Kertis will take place on the show floor in the Session Area at the National Industrial Fastener & Mill Supply Expo in Las Vegas on Wednesday, Oct. 26.

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