Darling at Southwestern: Steel Costs Drive Fastener Prices
FEATURE
Fastener prices are up because steel prices are up over the past decade, Bruce Darling told the Southwestern Fastener Association.
• At the end of 2003, the cost of steel in Taiwan was $364 per ton and China was $375 per ton.
For the second quarter of 2012 the prices are $825 in Taiwan and $709 in China.
• First quarter 2012 steel prices were sliding due to low demand. Darling, vice president of materials management for Porteous Fastener Company, noted that this is the price level distributors are now receiving shipments from fastener importers.
• Q2 2012 steel prices are steady and is “reflecting the U.S. dollar appreciation against the Taiwan dollar,” Darling explained. “This is the price at which importers are placing current purchase orders.”
For more on steel prices in North America, China, Taiwan and India read the article on Darling’s presentation to SFA, click here.
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