Branded Product

BIAFD Briefing: Repeal of Antidumping Measures on Steel Fasteners from P.R. China

The European Union has removed high levels of anti dumping tariffs from carbon steel fasteners imported from China. 

These duties had been in effect since January 2009, making the affected fasteners completely uneconomic to source from China.

The short term implications for the fastener supply chain are limited because of production and transit lead-times from China. Fastener importers will need to reassess quality and service levels from Chinese factories which have not been viable sources since 2009. Longer term, China may present some cost savings on simpler fasteners but this potential is uncertain because of the risk of new anti dumping investigations being initiated by the EU. The decline of Sterling’s strength against the US Dollar, accelerated recently by Brexit concerns, has counteracted cost reductions in steel, which are less pronounced on wire rod, the primary fastener raw material.
 

The TR Website: The go-to place for Engineers, Designers and Buyers

More features, more products and more data - TR recently launched a new improved website which is tailored to support customers requirements and make the specification/selection of fasteners a much easier task. 
 
Industries Button 250x150
Knowledge Base Button 250x150
Product Guide Button 250x150
Services Button 250x150
 
 
 
 

For more information or to request a press pack, contact TR Marketing: marketing@trfastenings.com