“We at ITR Economics don’t see a recession coming,” economist Lauren Saidel-Baker told the National Fastener Distributors Association. There may be a “soft landing” from today’s strong economy, but not a recession.
Global Fastener News

UK supplier TFC will continue to be led by Morgan Burgoyne and the current TFC management team as the AFC European business unit.

Facing the highest price hikes in 40 years, President Joe Biden is deciding whether to roll back some of the tariffs imposed on Chinese goods, including fasteners, in 2018, according to senior administration officials.

The tariffs, seen as retaliation for EU duties on Chinese fasteners, will be imposed from June 29, Reuters reports.

The agreement broadens the Additive Group’s ability to support production-level additive manufacturing through Rapid Shape’s automated functions.

Boeing said it doesn’t anticipate a major disruption to aircraft output in the near term after stopping titanium purchases from Russia, Bloomberg reports.