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Industry News

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Steel sector to remain resilient in 2019, says expert891fastener
fastenerA technician checks rails at a steel plant in Handan, Hebei province. [Photo by Hao Qunying / For China Daily]Steel demand will remain stable in 2019 backed by increased infrastructure investment, amid lingering worries ...

Taiwan’s Hand Tools Export is Expected to Reach New High949fastener
Taiwan hand tool industry is export-oriented and around 70% of its hand tool production is for export. In 2017 its export once climbed to USD 3.758 billion (the highest record since 2003) due to economic recovery and inc...

Bossard Reports “Another Year of Record Results”979fastener
fastenerThe Bossard Group posted again record results for the 2018 financial year. Sales rose by 10.8 percent to CHF 871.1 million compared to 2017. All market regions contributed to this significant growth. In the fourth quarte...

German manufacturing industry hit by weak euro zone trade1026fastener
Price-adjusted new orders in November 2018 for Germany's manufacturing industry have decreased 1.0 percent on the previous month, the Federal Statistical Office (Destatis) announced on Monday.New orders from the euro...

U.S Steel Importers Raise Concerns About Unpredictable Tariff Enforcement1222fastener
As the one year anniversary of Trump administration tariffs on foreign steel approaches, some sectors of the U.S. steel industry are raising concerns about inconsistent enforcement of the policy, The Wall Street Journal ...

PMI falls below the 50 mark1078fastener
fastenerA technician works on the production line of a machinery company in Luannan county, Hebei province. [Photo/Xinhua]Caixin/Markit manufacturing index slump hints at downward pressureA major private manufacturing Purchasing...

China's high-speed railway length to top 30,000 km in 2019871fastener
fastenerChina plans to build 3,200 km of new high-speed railways in 2019, with the total length expected to exceed 30,000 km, the country's top railway operator said Wednesday.The 3,000-plus km of high-speed railways are par...

China Fastener Info wish you a Happy New Year!1243fastener
fastener2019 is coming. Here, China Fastener Info wish you a Happy New Year!Your support is the greatest gift we can receive. We are grateful for each and every one of you.Thank you and best wishes to all of you!www.chinaFastene...

Taiwan’s Small Screw Exports Reaches New High1231fastener
fastenerIn the first nine months of 2018, Taiwan exported over 160,000 tons of self-tapping screws to the world, up 10.87% from the same period of last year.The export volume of wood screws was also up 11.78% from the same perio...

China to speed up development of advanced manufacturing1111fastener
The Ministry of Industry and Information Technology (MIIT) said Thursday that China would accelerate developing advanced manufacturing and strengthen its innovation and competitiveness.Miao Wei, minister of the MIIT, sai...

China to launch larger-scale tax cuts next year939fastener
China will reduce taxes and fees on a larger scale next year, according to the country's finance minister.Inclusive and structural tax cuts will be implemented in 2019, with priority on easing the burden on manufactu...

China’s Fastener Exports Increase in First 10 Months1062fastener
According to the latest fastener import & export data from China’s Customs, in the first 10 months of 2018 China exported 2.7 million tons of steel and copper standard fasteners (total value: approx. US$5.4 bil...

Taiwan Fastener Exports Hit New High Record 1194fastener
fastenerTaiwan’s fastener export value in the first 11 months of 2018 reached a new high at over US$4.4 billion.According to the statistics of Taiwan Industrial Fasteners Institute (TIFI), Taiwan exported 131,354 tons of f...

Alleged cover up of bolt failures in New York bridge1059fastener
fastenerNBC New York reports allegations from a whistleblower that “dozens of steel bolts” in the new Mario M. Cuomo Bridge had failed during construction, representing a major defect that had not been fully reported...

China to expand advanced manufacturing, domestic market: Official993fastener
fastenerEmployees work at the production line of the Chery Jaguar Land Rover plant in Changshu, Jiangsu province. [Photo/Agencies]China's top economic planner has pledged to strengthen the advanced manufacturing sector and f...

U.S. November Fastener Distributor Index Dips Slightly1012fastener
fastenerR.W. Baird and FCH Sourcing Network released their monthly Fastener Distributor Index (FDI) for November on Thursday, showing a slight decrease over October’s rating. Distributor commentary was mixed this month wit...

U.S. Cutting Tool Consumption Ticks up in October942fastener
fastenerOctober 2018 U.S. cutting tool consumption totaled $223.46 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies partici...

U.S. Fed raises rates, but signals slower pace of hikes next year787fastener
fastenerU.S. Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington D.C., the United States, on Dec. 19, 2018. The U.S. Federal Reserve on Wednesday raised short-term interest rates by a quarter of...

China Fastener Info Exhibits at Wire India 20181213fastener
fastenerAs the No. 1 trade fair for the wire and cable industry on the Indian subcontinent Wire India 2018 was held at the Bombay Exhibition Centre in Mumbai, India, from 27 to 29 November.the opening ceremony China Fastene...

China's industrial sector maintains stable operation: survey1015fastener
fastenerA worker checks molten steel at an iron and steel plant in Dalian, Northeast China's Liaoning province. [Photo by Liu Debin / For China Daily]China's industrial sector continued stable expansion in October, accor...


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