Facing ongoing headwinds in U.S. manufacturing economic activity, only two FIN Fastener Stock Index companies — both aerospace suppliers — achieved stock price gains in the second quarter.
HEADLINES
July 26
13:40
2024
Deal marks “a significant milestone in its strategic expansion plans to serve manufacturers headquartered throughout the greater Midwest and Atlantic regions.”
July 26
11:47
2024
“Neither guy is going to do our industry any favors,” a U.S. fastener distributor explained as survey results revealed fastener market conditions worsened in June.
July 26
09:06
2024
Weak industrial product and lower pricing continued to hurt the company’s fastener sales but the rate of decline slowed.
June 24
16:44
2024
“2023 may be remembered as the first ‘normal’ year since 2019 in terms of supply chain conditions and escalating inflation,” according to Modern Distribution Management.
June 24
15:32
2024
Deal to buy Pennsylvania-based Circle Bolt & Nut (CBN) from Optimas OE Solutions expands AFC's market reach in the Eastern U.S.
June 24
14:03
2024
Fastenal Co. reported fastener sales dropped to 30.8% of overall sales in May, nearly doubling April’s rate of decline.
May 28
15:11
2024
U.S. President Joe Biden imposed tariffs on $18 billion worth of goods, tripling the tariff on Chinese steel and aluminum to 25%.
May 28
14:11
2024
Founded in 1955, Greater Detroit-based ND Industries manufactures adhesives, sealants and thread-locking technologies for fasteners and assemblies.
May 28
09:51
2024
Orders for automotive nuts have rebounded to more than 70% of pre-recession levels, “although the recovery is relatively slow,” Fastener World magazine reports.
May 28
08:09
2024
LISI Group and Watch-Out have partnered to develop a disruptive AI solution for fully autonomous machining that is now operational.
April 30
10:33
2024
Doug Ruggles: “I don’t know anyone who has had a broader impact on the industry driving professionalism, growth, and a commitment to giving back.”
April 30
10:09
2024
The FIN Fastener Stock Index rode the twin forces of lower inflation and expanded manufacturing to solid growth in the opening quarter of 2024.
April 30
08:57
2024
U.S. President Joe Biden called for tripling the existing 7.5% tariff on Chinese steel and aluminum imports.
April 30
07:51
2024
Final anti-dumping measures against steel fastener imports from China range from 32.5% - 67.4%.
March 27
23:42
2024
The Industrial Fasteners Institute elected Dan Curtis of MacLean-Fogg to lead the board as Chairman, and Larry Spelman of J.H. Botts as Vice Chairman.
March 27
23:15
2024
Company says its new service can provide parts across the globe in a matter of minutes.
March 27
22:56
2024
Passengers aboard a Boeing plane that made an emergency landing after a fuselage panel blew off in January have received letters from the FBI identifying them as possible victims of a crime, Reuters reports.
February 26
13:34
2024
Despite initial setbacks due to the pandemic, fastener demand has rebounded, driven by resumed manufacturing and construction activities worldwide, according to a new report.
February 26
13:26
2024
Reports indicate that the Biden administration will look to rebalance the tariffs on Chinese fasteners and other goods, potentially reducing those that are not in the U.S. interest.
