4/14/2016 10:31:00 AM
NEWS BRIEFS
Taiwan Fastener Exports Decline
Taiwan’s fastener exports declined 1.4% to 1.5731 million tons in 2015, Fastener World reports. The total export value fell 4.3% to US$4.07 billion.
“The higher material cost for manufacturing low carbon screws should be the main factor that resulted in lower export,” stated Taiwan Industrial Fasteners Institute chairman Anchor T.H. Chang.
“I would continue to negotiate with China Steel Corp. and see whether it can provide wires at lower prices, which will be thus favorable to the order intakes of the downstream manufacturers.”
The top 10 export destinations for Taiwan fasteners in 2015 were the U.S. (40.15% of total fastener exports), Germany (8.7%), the Netherlands, UK, Japan, Canada, Italy, Poland, Sweden and France, according to a TIFI report.
“Among the top 10 countries, only (the) USA, UK and Canada showed increased fastener import from Taiwan while the other countries all showed negative growth,” Fastener World reports.
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