The European Commission approved definitive antidumping duties of up to 86.5% on imports of certain iron or steel fasteners from China, Fastener + Fixing Magazine reports.
HEADLINES
Importers bringing in circumvented product “will almost certainly be caught and pay the consequences in the end,” Matten predicted.
“Don’t hold out hope for the U.S.’s stainless steel shortage to get better until you know of new supply coming online,” guest columnists wrote in AgMetalMiner.com. “This is a long-term, painful shortage.”
Founded in 1952, Etanco supplies fasteners, connectors, anchors and safety solutions for roofing, cladding, façade, waterproofing and solar applications for the construction market throughout Europe.
The FIN Fastener Stock Index increased 25.1% in 2021 during a tumultuous year that saw international shipping rates skyrocket. Nucor Corp. topped the FINdex, capitalizing on its position as a domestic steel manufacturer amid U.S. tariffs on steel imports.
“The automotive industry is shifting to electric and autonomous vehicles, and we want to actively contribute to this extraordinary transition.”
“The lead times out of Asia have increased significantly during Covid and freight costs and container issues has meant that we had to react and onshore more product.”
Rich & Hunt were earlier named as Women in the Fastener Industry 2021 honorees.
Three years after the U.S. placed 25% tariffs on $300 billion in Chinese goods, including fasteners, importers and customers continue to pay more for products, with little relief in sight.
“At a time when customers want components faster than ever before, businesses need to be able to quickly source a variety of parts from a single provider,” stated MW CEO Simon Newman.
“While past commentary focused on freight delays, container shortages, and shortages of imported material, labor seemed to be the biggest irritant this month, cited by nearly all respondents,” writes R.W. Baird analyst David Manthey.
The European Commission signaled its intention to apply definitive antidumping duties of up to 89.8% on imports of certain iron or steel fasteners from China, Fastener + Fixing Magazine reports.
The U.S. and European Union have agreed to end a dispute over U.S. steel and aluminum tariffs imposed in 2018, averting a spike in EU retaliatory tariffs, Reuters reports.
Founded in 1983 by the late Doug Adams, EFC is a global supplier of specialty engineered metal and plastic fasteners and other component parts to OEMs and distributors.
“Relief will not be until 2023, at best,” panelist Danielle Riggs told the joint conference of the Southwestern Fastener Association and Pacific-West Fastener Association.
Taiwan fastener exports to the U.S. rose 19.6% to 348,811 kg in the first half of 2021 despite strong headwinds from global shipping bottlenecks, Fastener World reports.
Attendee traffic may have been thin, but fewer exhibitors helped the 40th International Fastener Expo in Las Vegas feel less empty.
Twice a manufacturer's rep, Rick Rudolph has been a manufacturer and distributor too.
O’Keefe, Hearn, Boyd & Rittner offer HR tips to the National Fastener Distributors Association.
Declining Fastener Distributor Index in August reflects “lower employment levels and a softer seasonally adjusted sales index,” according to R.W. Baird analyst David Manthey.