Tariff disputes involving fasteners continue to make headlines as Western nations grapple with Asian producers accused of flooding markets with subsidized screws and bolts.
Tariffs on fasteners and wire rod have grown in the global economic downturn, and not just among major importer and exporter countries. India, Malaysia, Turkey and South Africa have been embroiled in trade disputes, along with the U.S., the European Union, Canada, China and Russia.
For the full story, login to GlobalFastenerNews.com.
EU Fastener Makers Drop Complaints Against India & Malaysia While hinting at new allegations, European fastener producers have dropped complaints that rivals in India and Malaysia are dumping illegally-subsidized screws and bolts in the European Union, Reuters reports.
China Places Final Tariffs on EU Fasteners Claiming "substantial damage" to its fastener industry, China announced final five-year antidumping duties on steel fasteners imported from the European Union.
U.S. Tariff Decision Due In Autumn In the coming weeks the U.S. Court of International Trade is expected to rule on tariff petitions filed by Nucor Fastener in 2009.
South Africa Mulls Duty Renewal "A change in the duties charged on fasteners brought into South Africa can reduce prices, but will expose South African companies to serious competition from abroad."
Russia Initiates Global Antidumping Probe The "special protective investigation reflects concern over the increase in imports of steel bolts and steel nuts to the Russian Federation customs territory," reports Fastener+Fixing Magazine
The right to download and store or output the materials in our sites is granted for the user's personal use only, and materials may not be reproduced in any edited form. Users wishing to obtain permission to reprint or reproduce any materials appearing on these sites may contact the editor. E-mail: editor@GlobalFastenerNews.com. Permission is granted for brief quotation of portions of an article with attribution.
