9/1/2011
NEWS BRIEFS
Japan Earthquake Takes Toll on Fastener Exports
Japan’s earthquake and tsunami in March cut into the country’s fastener exports for the first half of 2011, with volume declining 3.5% to 150,791 tons, ChinaFastener.Info reports.
Japan’s fastener export value dropped 4.2% to 119.6 billion yen.
Bright spots in the overall export figures included screws and stainless steel nuts, which achieved the largest export volume increase at 13.1% and 12.83% respectively.
Hooks achieved the largest export increase in value at 49.35%.
The largest decrease category was self-tapping screws, posting a decline of 13.65% in volume and 19% in value.
The largest export category was “other bolts (iron or steel)”, which slipped 4.6% to 86,334 tons and 4.66% to 51.7 billion yen. ©2011 GlobalFastenerNews.com
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