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Industry News

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Toronto Fastener Maker Opening Illinois Plant Due To Rising Ontario Energy Costs943fastener
A Toronto-based manufacturer of fasteners says it is opening its new manufacturing facility in the United States because rising energy costs have made Ontario uncompetitive for investment.Leland Industries employs about ...

China steel prices fall as demand fears return in volatile trade859fastener
Chinese steel rebar prices fell more than 2 percent, reversing the previous day's gains, while coke and coking coal remained under pressure on Thursday as concerns about weakening demand returned in volatile end-of-y...

YKK names new president904fastener
fastenerTapping China experience, new chief to spearhead Asian expansion.YKK announced that Executive Vice President Hiroaki Otani will become president April 1. He will take the helm of the world's leading zipper maker just...

China should intensify efforts to implement Made in China 2025: premier711fastener
fastenerChinese Premier Li Keqiang has said that more efforts should be made to implement "Made in China 2025," a plan released last year to transform China from a manufacturing giant into a world manufacturing power.I...

EU Council Breaks Deadlock On Anti-Dumping Trade Talks1038fastener
The mission heads of European Union member states finally agreed on December 13 to end a deadlock over how to take action on proposed updates of anti-dumping and anti-subsidy trade measures, saying the EU has to protect ...

China's Hebei to cut iron, steel production in 20171041fastener
Hebei, China's main province for the production of iron and steel, has increased its iron and steel capacity-cutting targets for next year, the provincial government said Tuesday.The province will cut 17.14 million t...

China auto output, sales set new records in 20161084fastener
Auto sales and output in China, the world's biggest auto market, continued to expand during the first 11 months, hitting an all-time high.From January to November, about 25 million cars were sold in China, up 14.1 pe...

EU Launches New Trade Remedy Investigations into Chinese Steel1087fastener
The European Commission has launched a new investigation into whether Chinese manufacturers are selling steel at prices below their normal value on the European market, a practice known as “dumping.”The EU&rs...

October U.S. Cutting Tool Consumption Down 6.9% Year-To-Date817fastener
fastenerOctober U.S. cutting tool consumption totaled $169 million according to the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating i...

China urges Argentina to abide by WTO anti-dumping rules966fastener
The Ministry of Commerce urged Argentina on Wednesday to abide by World Trade Organization rules over anti-dumping investigations on five Chinese products.China is concerned by measures taken by Argentina against Chinese...

Argentina Launches Provisional Lowest Imported Prices Anti-dumping Measures on Spring Washers from China844fastener
Argentina on Dec 7 imposed provisional lowest imported prices anti-dumping measures on steel spring washers from China. According to the decision, the lowest FOB prices is USD5.02/ton. The concerned products currently fa...

Baosteel raises main steel product prices for Jan 2017982fastener
China's biggest listed steelmaker, Baoshan Iron & Steel (Baosteel) , has raised its main steel product prices for January 2017 delivery, the company said in a statement on Monday.Prices for hot-rolled coil and cold-r...

China auto sales peak in November: group952fastener
fastenerAuto sales in China, the world's biggest car market and crucial to manufacturers worldwide, reached a new peak in November, data from an industry group showed Monday.Sales reached 2.94 million units last month, up 16...

China set to drive global auto sales in 20171293fastener
China will continue to be the most important growth driver of the global auto industry in 2017 as it is this year, while new-energy vehicles and smart connected cars are set to become hot in the next decade in the domest...

China rolls out 5-year plan for intelligent manufacturing946fastener
China on Wednesday released its five-year plan for intelligent manufacturing in a bid to increase competitiveness in the "factory of the world".China's Ministry of Industry and Information Technology publis...

Fastenal November Daily Sales Improve For 9th Month Of 2016945fastener
Fastenal reported its November sales results on Tuesday, led by a slight increase in daily sales year-over-year.The company's total sales of $316.8 million increased 6.3 percent from a year earlier. November 2016 had...

Yuan's fluctuations not undermine long-term stability787fastener
fastenerBEIJING - The Chinese yuan has steadily weakened against the US dollar since the start of the year, sending shockwaves through currency markets. Financial experts have weighed in to point out that the depreciation is, in...

China's Hardware Products Reach USD 30.06 billion during Jan.-Sep.789fastener
The import and export value of China’s hardware products reached USD 30.06 billion, down 12.55% year-on-year in the first nine months.Import value increased 1.99 percent year-on-year to USD 1.86 billion while export valu...

US Fasteners Imports from China Decline in the First Seven Months 1060fastener
US imports of fasteners from China declined 21.4 percent year-over-year in total value during Jan.-Jul. of 2016 compared with imports at the same period of 2015. The total fastener imports of U.S. from China reached $624...

US auto sales jump more than expected in November906fastener
US auto sales rose more than expected in November, putting the industry within reach of a second straight year of record sales.According to Autodata, sales rose at a seasonally adjusted annual rate of 17.87 million. Econ...

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