Global Fastener News

HEADLINES

Fastener Cos. Get Inconsistent 232 Tariff Waiver Responses

August 07
19:01 2018
    Fastener Cos. Get Inconsistent 232 Tariff Waiver Responses

“The Commerce Department continues to be overwhelmed, the process is inconsistent at best, and tilted to steel industry at worst,” Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid told GlobalFastenerNews.com.

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Semblex Marks 50th Anniversary

August 07
18:58 2018

Semblex was founded in 1968 by Daniel Haerther with three other employees to manufacture small diameter, standard fasteners in Illinois.

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Fastener Companies Report Sales & Profit Gains

August 07
18:54 2018
    Fastener Companies Report Sales & Profit Gains

Publicly-held companies with fastener operations reported sales gains during the first six months of 2018.

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US Hikes Section 301 Tariff On Chinese Goods To 25%

August 07
18:50 2018
    US Hikes Section 301 Tariff On Chinese Goods To 25%

The Office of the U.S. Trade Representative announced that the Section 301 duty to be imposed on $200 billion worth of Chinese goods, including fasteners, will be 25% instead of 10% announced on July 10.

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Report: Arconic Mulling Private Takeover

August 07
18:48 2018
    Report: Arconic Mulling Private Takeover

If a deal is reached, Arconic would become the second major aerospace fastener supplier to be acquired in recent months.

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Nucor Invests in New Chrome Plating Tech

August 07
18:47 2018

As part of its investment, Nucor is working with Trion Coatings to commercialize the technology and will be constructing a pilot facility at Nucor Fastener in St. Joe, IN.

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EU Imposes Quotas for Steel & Stainless Wire Rod

August 07
18:44 2018
    EU Imposes Quotas for Steel & Stainless Wire Rod

“The imposition of 232 steel tariffs (by the U.S.) further increased the potential for import growth as the result of product previously destined for the U.S. market being diverted to the EU market,” writes Fastener + Fixing Magazine executive editor Phil Matten.

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IFE Returns to Mandalay Bay for 2018

August 07
18:36 2018

International Fastener Expo events begin on Tuesday, October 20, 2018. The trade show will be 9am to 4pm on Wednesday and Thursday. Advance discount registration ends September 15.

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Machinery Expo Returning in 2019 In Conjunction With InterWire

August 07
18:27 2018

The International Fastener Manufacturing Exposition will be May 14-16, 2019, in Atlanta.

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SHORTTAKES: Automated Packaging Systems, Earnest Machine, Hahn Systems, Innovative Componets, Vlier Products

August 07
18:22 2018

Automated Packaging Systems was recognized by Crain’s Cleveland Business as one of Northeast Ohio’s largest privately-held companies, ranking #28 on the Top 50, based on annual revenue. Automated Packaging’s #28...

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Fasteners Targeted in Latest U.S. Tariffs Against China

July 16
23:49 2018
    Fasteners Targeted in Latest U.S. Tariffs Against China

The White House is considering additional tariffs of 10% on $200 billion worth of Chinese exports, including fasteners. If implemented, this third round of Section 301 tariffs would begin in September.

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H1 FINdex Keeps Pace with Other Industrial Stocks

July 16
23:09 2018
    H1 FINdex Keeps Pace with Other Industrial Stocks

In a quarter pre-occupied by multiple rounds of international tariffs, companies with fastener businesses faced uncertainty in their global supply chains.

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EU Panelists: Wire Rod Prices Up Worldwide

July 16
22:30 2018
    EU Panelists: Wire Rod Prices Up Worldwide

European wire rod costs rose by around EUR 100/ton in the first quarter 2018, following a similar level of increase in 2017.

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June Fastener Distributor Index ‘Surges’

July 16
22:00 2018

After four straight months of decline, the FDI regains its footing amid pricing gains and a stronger outlook for the coming months.

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G.L. Huyett Acquires AZ Lifting Hardware

July 16
21:39 2018

“We now have a warehouse located in the Southwest, allowing us to reduce freight costs to the West Coast for G.L. Huyett products, as well as plans to dispatch lifting hardware to our Tennessee Warehouse to reduce freight costs for customers on the East Coast,” stated CEO Tim O’Keeffe.

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Acument Names 33 Award Winning Torx Manufacturers

July 16
19:17 2018

There are 25 fastener manufacturers and eight drive tool manufacturers from eight countries for 2017.

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SHORTTAKES: American Elite, Bossard, Click Bond, Phillips Screw, PPG and Ship & Shore Environmental

July 16
13:12 2018

Cable tie manufacturer American Elite Molding is marking the 20th anniversary of its founding as Bay State Cable Ties in Massachusetts in 1998. Today American Elite produces 1.5 billion cable...

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Fastener Industry Scores Win in Trade ‘War’ with China

June 18
22:18 2018
    Fastener Industry Scores Win in Trade ‘War’ with China

Steel and iron nuts (HS code 73181600) were excluded from a list of Chinese products subject to a 25% tariff by the Trump administration under Section 301 of the Trade Act of 1974.

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MWFA Panel: No Chance Fastener Prices Dropping

June 18
21:24 2018
    MWFA Panel: No Chance Fastener Prices Dropping

“Panic buying” among problems Kerr, Cincinello, Herbst and Hunt discuss at Mid-West Fastener Association meeting.

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IFI Names Walker as 8th Managing Director

June 18
20:59 2018
    IFI Names Walker as 8th Managing Director

Dan Walker, PE, has engineering and association management experience.

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