China Fastener Export Growth Slump Continues
China Fastener Export Growth Slump Continues
Jason Sandefur
China exports of steel and copper fasteners slowed to a 3.7% rate of increase to 250,000 tons in June, with the value growing 25% to US$397.49 million, Xinhua News Agency reports.
Overall fastener export growth has slowed in 2008, which included an 8.3% drop in exports to 150,000 tons during February 2008, compared with a 66% jump in exports during February 2007. Fastener exports in March rose 0.1% to 190,000 tons, compared with a 40% growth rate a year earlier. And April’s rate of growth was 0.3% to 240,000 tons, compared with a 39% growth rate during April 2007.
During the first six months of 2008, fastener exports from China grew 3.4% to 1,290,000 tons, with the export value increasing 25.7% to US$1.95 billion. �2008 FastenerNews.com
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