7/28/2009
NEWS BRIEFS
Fastener Exports From China Continue Decline
China exports of steel and copper fasteners fell 43% to 130,000 tons during May, with the value dropping 48% to $186.7 million, Xinhua News Agency reports.
During the first five months of 2009 fastener exports from China declined 45% to 570,000 tons, hit by 85% antidumping tariffs by the European Union, which traditionally consumed as much as one-third of all fastener exports from China.
The five-month value plummeted 40.5% to $917 million. ©2009 GlobalFastenerNews.com
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