Global Fastener News

HEADLINES

U.S. Fastener Tariffs Ruled Illegal

September 22
18:15 2020
    U.S. Fastener Tariffs Ruled Illegal

WTO rules against U.S. tariffs on fasteners imported from China. The tariffs include bolts, screws and other fasteners (HTS subheadings 7318.11.00 to 7318.29.00) and all Chinese iron and steel nuts.

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Pac-West Panelists on USMCA Replacing NAFTA

September 22
09:48 2020
    Pac-West Panelists on USMCA Replacing NAFTA

One of the most significant impacts on fastener distributors involves a delayed clause in the act, according to a Pac-West panel.

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Lower Fastener Sales Drive FDI Down

September 22
06:03 2020
    Lower Fastener Sales Drive FDI Down

“After two consecutive months of fairly sharp improvements in the FDI, naturally the rate of improvement stalled some in August,” R.W. Baird analyst David Manthey wrote.

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Canada Renews Tariffs on Asian Screws

September 22
04:16 2020

Duties continue on certain carbon steel screws from China and Taiwan “used to mechanically join two or more elements,” Fastener World reports.

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Lawson Products Acquires Partsmaster

September 22
02:51 2020

Partsmaster offerings include Dyna Systems domestic premium bolts, general Grade 8 and Grade 5 bolts, and stainless steel and metric fasteners. 

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Orbitform Acquires C&B Machinery

September 22
02:27 2020
    Orbitform Acquires C&B Machinery

Brighton, MI-based C & B Machinery will operate as a separate entity with its own staff and facility.

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AFC Acquires Master Distribution

September 22
02:04 2020

Brunswick, OH-based Master Distribution supplies channel and pipe fittings as well as related fasteners and accessories such as nuts, clamps, screws, washers, bolts, brackets and post bases. 

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MW Industries Combining With Life Sciences Biz

September 22
01:56 2020

MW Industries parent company American Securities LLC is acquiring NN Inc.’s Life Sciences division and combining it with the Rosemont, IL-based fastener manufacturer. 

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Fastener Sales Increase At Fastenal

September 22
01:21 2020

The decline in fastener sales that began in March due to the pandemic slowed in July, with sales down only 7.5% compared to an 11.4% decrease the previous month.

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Taiwan Fastener Companies Seek Tailored Steel Pricing To Remain Competitive

September 22
00:35 2020

Taiwan's China Steel Corp (CSC) hiked fourth-quarter steel prices by NTD 500-1,000 per ton for each type of steel, up an average of 3.36% - the largest single-quarter increase over the last two and a half years, Fastener World reports. 

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SHORTTAKES: Bolts & Nuts Corp., Brighton-Best, Bulten, Cold Forging Solutions, Earnest Machine Products, Mid-West Fastener Association, Screwfix and Würth Industry Canada

September 22
00:08 2020

Bolts & Nuts Corp. changed its named and rebranded as Stock’d Supply following several recent acquisitions, investment in technology, and an expanded products and services offering. “We want our customers...

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ARaymond Closing Ohio Plant

August 24
23:40 2020
    ARaymond Closing Ohio Plant

Metal work done at the Brunswick plant, which employs 53 people, will be transferred to facilities in Logansport, IN, and Hamilton, Ontario, while the plant’s plastic operations will be transferred to a company facility in Rochester Hills, MI.

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REPORT: PCC Cuts 10,000 Jobs

August 24
23:27 2020

Aerospace fastener and components supplier Precision Castparts Corp. cut one third of its global workforce in the first half of 2020 “as orders for its aerospace components evaporated,” the Oregonian reports.

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Brico Marking 50th Anniversary

August 24
23:01 2020

A two-man distributorship opened in a 3,500 sq ft warehouse on November 1, 1970, in Rosemont, IL.  Thus was the start of "The Bright Name in Fasteners."

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Advance Components Distributes Face Mask Straps

August 24
22:55 2020

Advance Components has begun stocking and distributing a new kind of fastener that addresses the discomfort associated with face masks.

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After June Gains, FDI Moderates in July

August 24
22:18 2020

Strong sales, distributor inventories and pricing meet lower employment and customer inventories.

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Fastener Fair USA Rescheduled for 4th Time

August 24
22:01 2020

Originally scheduled in May 2020, as the Covid-19 pandemic grew Fastener Fair USA was postponed until late July before being cancelled for the year.

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Taiwan First-Half Fastener Exports Decline

August 24
21:49 2020

The drop in fastener exports was mainly due to the spread of the virus in North America, which is the largest export destination for Taiwan's fasteners, Fastener World reports.

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China Holds Online Fastener Show

August 24
21:16 2020

Online versions of the China Fastener Show and Zhejiang Haiyan Online Export Fair were inaugurated during August 2020, Fastener & Fixing announced.

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Taiwan Show Postponed to 2021

August 24
20:48 2020

The show sponsor, Taiwan External Development Council (TAITRA), cited travel restrictions imposed to prevent the spread of the Covid-19 pandemic for the rescheduling.

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