8/15/2011 2:43:00 AM
NEWS BRIEFS
China Fastener Exports Jump Among Two Leading Consumer Countries
China’s steel, iron or copper standard fastener exports jumped 41.5% to $2.2 billion for the first six months of 2011, with the export volume rising 22.2% to 1.25 million tons and the average price gaining 15.8% to $1761/ton, ChinaFastener.Info reports.
Steel, iron or copper standard fastener exports increased 27.6% to $425 million in June, with export volume growing 12% to 238, 000 tons and the average export price swelling 13.9% to $1,788/ton.
“Export value for China’s steel, iron or copper standard fastener basically showed the same as that of the first half of 2010, which rose 40.5% while export volume increased 22.4% compared with a 45.4% gain in 2010,” according to ChinaFastener.Info. “Export price jumped around 15.7% in first six months of 2011 while it decreased 3.3% in the same period of 2010.
The U.S., Russia and Japan continue to be the main importers of fasteners from China. The export value to the U.S. rose 44.7% to $391 million, while exports to Russia jumped 82.9% to $158 million. Japan’s fastener consumption gained 23.4% to $146 million.
In terms of market share, the U.S. portion of China’s fastener exports remained stable, while Russia’s increased to 7.2% and Japan’s increased 7.6%.
“Export to the top importers in value reached $1.15 billion for the first half of year, taking up 52.3% of China’s total fastener export value.” ©2011 GlobalFastenerNews.com
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