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Industry News

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WTO Rules Boeing Received Illegal Tax Subsidy943fastener
Boeing Co. were granted an illegal tax benefit by the Washington state to assemble and manufacture the 777X there itself, the World Trade Organization said.The WTO made the order after investigating a complaint from the ...

Wenshou Jinsheng Fastener: Focus on Quality2794fastener
fastenerEstablished in 1999, Wenzhou Jinsheng Fastener Co.,Ltd. has become a famous manufacturer of nuts in China. With over 17 years of experience, Jinsheng can provide a wide and deep range of nuts including prevailing torque ...

China's manufacturing activity expands in November834fastener
fastenerChina's manufacturing activity continued to expand for a fourth month in November, providing further evidence of a strengthening Chinese economy, official data showed Thursday.The manufacturing Purchasing Managers...

China to spend $100b on wind power by 2020900fastener
fastener China will spend a total of 700 billion yuan ($102 billion) on wind power during the 2016-2020 period.Wind power's share of the overall electricity mix should be increased to 6 percent by 2020, up from 3.3 perc...

Taiwan CSC raises steel prices by 12.6% for deliveries in Q11276fastener
China Steel Corp (CSC), Taiwan's only integrated steelmaker, yesterday raised steel prices by 12.6 percent for deliveries in the first quarter of next year, due to soaring international steel prices.“Undersuppl...

The 17th Fastener Trade Show Suzhou - Fabulous Event, A Grand Festival for Fastener Buyers and Suppliers!2547fastener
fastenerHighlights of the Show:Highlight 1: Large Scale12,000 sqm exhibition area at 2 exhibition halls, expected 400 exhibitors & 12,000 professional visitorsHighlight 2: International50% of the exhibitors are export-orient...

US DOC announces review results in AD order against Chinese certain steel threaded rod904fastener
fastenerThe US Department of Commerce (DOC) announced on November 22 the results of the sixth administrative review of the antidumping duty order on certain steel threaded rod from the People's Republic of China (“PRC&...

Fastener Supplier/Distributor Axxis Joins DPA Buying Group927fastener
fastener Independent distributor/supplier association DPA Buying group has announced that Schaumburg, IL-based fastener manufacturer and distributor Axxis has joined the group as a new member.Axxis is a manufacturer and dis...

US October FDI Dips Below 501021fastener
fastenerThe seasonally adjusted Fastener Distributors Index for October (47.1) ticked down sequentially from the September reading of 51.5 and “again fell back into contractionary territory,” writes R.W. Baird analyst David Mant...

Shanghai Minmetals–Fasteners, A Specialized Fastener Company with Over Six Decades of History2946fastener
fastenerShanghai Minmetals – Fasteners is one of the divisions of Shanghai Minmetals, a well-known large-scale state-owned enterprise which was founded in 1949. Over the past six decades, the corporation has been developed...

China dismisses new EU anti-dumping legislation1230fastener
China on Nov.10 urged the European Union to fulfill its World Trade Organization (WTO) obligations.The EU has proposed changing its anti-dumping legislation in response to the coming expiration of the "surrogate cou...

US auto sector bracing for sharp protectionist turn969fastener
fastener Protectionist policies under a President Donald Trump could upend the manufacturing model for automakers in North America, disrupting flows of goods essential to efficient production.For Toyota Motor, Mexico is a k...

NORMA Group achieves growth during first nine months of 2016987fastener
fastener- Sales rose by 1.0 percent to EUR 679.4 million in the first nine months of 2016- Adjusted EBITA increased by 1.6 percent to EUR 122.6 million- Adjusted EBITA margin of 18.0 percent at a sustainably high level- Forecast...

Steel industry to focus on high quality products922fastener
fastenerForeign companies will be encouraged to participate in the reorganization of Chinese steel companies, under a plan to cut crude steel production released by the Ministry of Industry and Information Technology.The develop...

Steel price recovery no hindrance to overcapacity cut1093fastener
The steel industry enjoys extremely strong performance in recent periods. In addition to the rising steel price, the news as the recombination of Baosteel Group Corporation and Wuhan Iron and Steel (Group) Corp., share b...

U.S. Cutting Tool YTD Consumption Flat From A Year Ago, Down 7.5% YTD879fastener
fastenerSeptember U.S. cutting tool consumption totaled $171.09 million according to the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participat...

One-Stop Supplier of Stainless Steel Fasteners—Dongtai Huawei Actively Develops Global Markets2934fastener
fastenerEstablished in 1992, Dongtai Huawei Standard Component Corporation is specialized in producing and exporting stainless steel fasteners, taking the geographical advantage of Dongtai, a well-known stainless steel base in C...

China October vehicle sales rise 20% at 2.2 million1030fastener
Auto retail sales totalled 2.2 million vehicles in October, CPCA said in a statement on its website. For January-October, passenger car sales rose 15.2 percent versus the same period in 2015, it said.Passenger vehicle sa...

October Was Fastenal's Best Month Of 2016 For Daily Sales Growth873fastener
Fastenal reported its October sales results on Friday, led by a 3.9 percent year-over-year increase in daily sales.The Winona, MN-based company posted October sales of $335.3 million, down 0.8 percent overall from a year...

Taiwan Fastener Exports Decline in the First Nine Months1102fastener
Taiwan fastener exports declined 10.3% year-over-year to NT$2.69 billion in the first nine months of 2016 due to the decrease of international steel prices. US and EU remained the main importers of Taiwan fasteners. Howe...

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