Global Fastener News

HEADLINES

EC Approves AD Tariff on Chinese Fasteners

February 22
23:23 2022
    EC Approves AD Tariff on Chinese Fasteners

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.

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Matten: Circumvention 
“Will Not Work”

February 22
22:28 2022

Importers bringing in circumvented product “will almost certainly be caught and pay the consequences in the end,” Matten predicted.

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No Change in Stainless Steel Shortage

February 22
21:07 2022
    No Change in Stainless Steel Shortage

“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.”

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Simpson Mfg. Acquiring Etanco Group

February 22
20:52 2022

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.

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Fastener Stocks Outperform Industrial Indexes in 2021

January 18
23:33 2022
    Fastener Stocks Outperform Industrial Indexes in 2021

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.

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ARaymond Acquisitions Prep for EVs

January 18
23:07 2022

“The automotive industry is shifting to electric and autonomous vehicles, and we want to actively contribute to this extraordinary transition.”

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Trifast: Customers Want Agile Supply Chains

January 18
22:49 2022
    Trifast: Customers Want Agile Supply Chains

“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.”

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WIFI Honors Morris As ’21 Woman in Business

January 18
21:39 2022

Rich & Hunt were earlier named as Women in the Fastener Industry 2021 honorees.

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U.S. Tariffs Continue to Cost Businesses and Customers

December 20
23:32 2021
    U.S. Tariffs Continue to Cost Businesses and Customers

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.

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MW Industries Acquires Ideal Fasteners

December 20
23:09 2021

“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.

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Supply Chain & Labor Slow FDI Growth

December 20
22:36 2021
    Supply Chain & Labor Slow FDI Growth

“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.

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EC Signals AD Duties on Chinese Fastener Imports

November 20
21:10 2021
    EC Signals AD Duties on Chinese Fastener Imports

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.

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U.S., EU Agree To Steel Quotas

November 09
23:49 2021
    U.S., EU Agree To Steel Quotas

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.

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Private Equity Firm Acquires EFC Int’l

November 09
22:43 2021

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.

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Pac-West / SFA Panelists: Shortages Will Continue

November 09
21:37 2021
    Pac-West / SFA Panelists: Shortages Will Continue

“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.

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Taiwan Fastener Exports to U.S. Jump 19.6%

November 09
20:35 2021
    Taiwan Fastener Exports to U.S. Jump 19.6%

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.

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Exhibitors Report Talking to Customers After Low Expectations for 2021 IFE

October 05
23:29 2021
    Exhibitors Report Talking to Customers After Low Expectations for 2021 IFE

Attendee traffic may have been thin, but fewer exhibitors helped the 40th International Fastener Expo in Las Vegas feel less empty.

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Rudolph Reaches 50 Years in Fastener Industry

October 05
22:47 2021
    Rudolph Reaches 50 Years in Fastener Industry

Twice a manufacturer's rep, Rick Rudolph has been a manufacturer and distributor too.

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NFDA Panel: How to Recruit in a Tough Labor Market

October 05
21:29 2021
    NFDA Panel: How to Recruit in a Tough Labor Market

O’Keefe, Hearn, Boyd & Rittner offer HR tips to the National Fastener Distributors Association.

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FDI Hampered By Supply Chain & Labor Issues

October 05
20:20 2021

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. 

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