Since 2017 when the Section 232 tariffs were first considered, the Industrial Fasteners Institute has argued that tariffs on raw material imports harm downstream manufacturers and consumers, while only providing short-term relief to U.S. metals producers.
HEADLINES
March 26
16:10
2025
U.S. steel buyers face 10-15% price increases due to Section 232 steel and aluminum tariffs on metals from Canada and Mexico.
March 26
14:47
2025
Erratic U.S. tariff process clouds improved fastener market conditions, threatening nascent recovery.
February 27
20:26
2025
As roughly 100 firefighters battled the explosive blaze, officials closed schools and ordered residents within a mile radius to shelter-in-place.
February 27
19:06
2025
A new 10% tax on all imports from China, together with the 10% duty ordered in February, will bring the total import fee on some Chinese goods to 45%.
February 27
18:07
2025
Fastener companies have begun raising prices to offset costs from President Donald Trump’s upcoming 232 tariffs on steel and aluminum.
February 27
16:41
2025
Fire that gutted SPS Technologies' fastener factory north of Philadelphia caught the attention of top-tier aerospace, Aviation Week reports.
January 23
23:31
2025
Two FIN Fastener Stock Index companies more than doubled their share value during 2024.
January 23
22:23
2025
“These promotions reflect BBI’s commitment to growth and specialization within our key divisions,” stated PR Director Rosa Hearn.
January 23
22:14
2025
President Donald Trump intends to place 25% tariffs on Canada and Mexico, and 10% tariffs on China, the Associated Press reports.
January 23
21:34
2025
Fastenal Co. fastener sales declined in 2024, with higher fastener container costs in the final quarter causing product margin pressure.
December 26
23:53
2024
A majority of distributors (56%) responding to a Fastener Distributor Index survey signaled support for U.S. President-elect Donald Trump’s pledge to impose broad tariffs.
December 26
22:05
2024
“They have described just a rapidly changing global manufacturing environment, and that they are having to be very nimble about their decision making.”
December 26
20:08
2024
As the world's most populous country urbanizes and industrializes, demand for automotive and industrial fasteners could double by 2030.
December 26
18:10
2024
Würth Group patriarch signaled a substantial profit decline amid tough EU economic conditions that trimmed revenue.
November 26
22:47
2024
U.S. President-elect Donald Trump pledged to impose a 25% tariff on all goods from Mexico and Canada on his first day in office.
November 26
15:15
2024
Oregon-based fastener manufacturer building a $4.3 million East Coast production facility expected to create 21 new jobs.
November 26
14:02
2024
Taiwanese fastener exports to the U.S. (its largest market) dipped a mere 0.31% in September, while fastener exports to Europe grew 14%, according to Fastener World.
November 26
13:02
2024
Despite moderation, the Fastener Distributor Index reading “still meaningfully marks the second highest monthly FDI reading in 2024.”
November 26
11:50
2024
Deal for Apopka, FL-based AFI strengthens Endries' presence in Florida, North Carolina, Georgia, Tennessee, and Texas.
