Jason Sandefur

China exports of steel and copper fasteners increased 3.8% to 250,000 tons in August, with the value growing 48% to US$454.9 million, Xinhua News Agency reports.

Overall fastener export growth has slowed in 2008, which included an 8.3% drop in exports to 150,000 tons during February 2008, compared with a 66% jump in exports during February 2007. Fastener exports in March rose 0.1% to 190,000 tons, compared with a 40% growth rate a year earlier. And April’s rate of growth was 0.3% to 240,000 tons, compared with a 39% growth rate during April 2007.

During the first eight months of 2008, fastener exports from China grew 3% to 1,790,000 tons, with the export value increasing 29.3% to US$2.86 billion. �2008 FastenerNews.com