China Fastener Exports Continue to Taper Off
China Fastener Exports Continue to Taper Off
Jason Sandefur
China exports of steel and copper fasteners continue to slow, with China exports growing a mere 1.6% to 260,000 tons during July 2008, according to figures provided by the Chinese government. July’s export value increased 27% to $452.5 million, Xinhua News Agency reports.
The export rate from January to July increased 3% to 1.54 million tons, while the value gained 26% to $2.4 billion.
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. �2008 FastenerNews.com
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