Weak industrial product and lower pricing continued to hurt the company’s fastener sales but the rate of decline slowed.
HEADLINES
June 24
16:44
2024
“2023 may be remembered as the first ‘normal’ year since 2019 in terms of supply chain conditions and escalating inflation,” according to Modern Distribution Management.
June 24
15:32
2024
Deal to buy Pennsylvania-based Circle Bolt & Nut (CBN) from Optimas OE Solutions expands AFC's market reach in the Eastern U.S.
June 24
14:03
2024
Fastenal Co. reported fastener sales dropped to 30.8% of overall sales in May, nearly doubling April’s rate of decline.
May 28
15:11
2024
U.S. President Joe Biden imposed tariffs on $18 billion worth of goods, tripling the tariff on Chinese steel and aluminum to 25%.
May 28
14:11
2024
Founded in 1955, Greater Detroit-based ND Industries manufactures adhesives, sealants and thread-locking technologies for fasteners and assemblies.
May 28
09:51
2024
Orders for automotive nuts have rebounded to more than 70% of pre-recession levels, “although the recovery is relatively slow,” Fastener World magazine reports.
May 28
08:09
2024
LISI Group and Watch-Out have partnered to develop a disruptive AI solution for fully autonomous machining that is now operational.
April 30
10:33
2024
Doug Ruggles: “I don’t know anyone who has had a broader impact on the industry driving professionalism, growth, and a commitment to giving back.”
April 30
10:09
2024
The FIN Fastener Stock Index rode the twin forces of lower inflation and expanded manufacturing to solid growth in the opening quarter of 2024.
April 30
08:57
2024
U.S. President Joe Biden called for tripling the existing 7.5% tariff on Chinese steel and aluminum imports.
April 30
07:51
2024
Final anti-dumping measures against steel fastener imports from China range from 32.5% - 67.4%.
March 27
23:42
2024
The Industrial Fasteners Institute elected Dan Curtis of MacLean-Fogg to lead the board as Chairman, and Larry Spelman of J.H. Botts as Vice Chairman.
March 27
23:15
2024
Company says its new service can provide parts across the globe in a matter of minutes.
March 27
22:56
2024
Passengers aboard a Boeing plane that made an emergency landing after a fuselage panel blew off in January have received letters from the FBI identifying them as possible victims of a crime, Reuters reports.
February 26
13:34
2024
Despite initial setbacks due to the pandemic, fastener demand has rebounded, driven by resumed manufacturing and construction activities worldwide, according to a new report.
February 26
13:26
2024
Reports indicate that the Biden administration will look to rebalance the tariffs on Chinese fasteners and other goods, potentially reducing those that are not in the U.S. interest.
February 26
12:48
2024
National Transportation Safety Board investigators said four bolts that hold the door plug in place on the Boeing 737 Max 9 were missing at the time of the January 5 blowout on Alaska Airlines flight 1282.
February 26
11:26
2024
“While there continues to be a healthy mix of both bulls and bears, on balance we felt commentary skewed slightly more optimistic this month.”
January 29
13:55
2024
The FIN Fastener Stock Index roared back in 2023, more than doubling gains by related industrial stocks in a rocky economic year that produced a “recovery” in U.S. industrial fastener demand.
