Global Fastener News

HEADLINES

FINdex Doubles Growth of Industrial Index

April 30
10:09 2024
    FINdex Doubles Growth of Industrial Index

The FIN Fastener Stock Index rode the twin forces of lower inflation and expanded manufacturing to solid growth in the opening quarter of 2024.

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Biden Calls for Higher Tariffs on Chinese Steel

April 30
08:57 2024
    Biden Calls for Higher Tariffs on Chinese Steel

U.S. President Joe Biden called for tripling the existing 7.5% tariff on Chinese steel and aluminum imports.

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Ukraine Finalizes Tariffs on Chinese Fasteners

April 30
07:51 2024

Final anti-dumping measures against steel fastener imports from China range from 32.5% - 67.4%.

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Curtis, Spelman Lead Industrial Fasteners Institute

March 27
23:42 2024
    Curtis, Spelman Lead Industrial Fasteners Institute

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.

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Würth Additive Group Offers Digital Inventory Services

March 27
23:15 2024
    Würth Additive Group Offers Digital Inventory Services

Company says its new service can provide parts across the globe in a matter of minutes.

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FBI Intensifies Investigation of Boeing Panel Blowout

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.

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Report: Global Industrial Fasteners Market ‘Booming’

February 26
13:34 2024
    Report: Global Industrial Fasteners Market ‘Booming’

Despite initial setbacks due to the pandemic, fastener demand has rebounded, driven by resumed manufacturing and construction activities worldwide, according to a new report.

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Section 301 Tariff Review Continues

February 26
13:26 2024
    Section 301 Tariff Review Continues

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.

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No Bolts: Boeing Error Caused Door Blowout

February 26
12:48 2024
    No Bolts: Boeing Error Caused Door Blowout

National Transportation Safety Board investigators said four bolts that hold the door plug in place on the Boeing 737 Max 9 were missing at the time of the January 5 blowout on Alaska Airlines flight 1282.

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FDI Rises after Soft December

February 26
11:26 2024
    FDI Rises after Soft December

“While there continues to be a healthy mix of both bulls and bears, on balance we felt commentary skewed slightly more optimistic this month.”

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FINdex Rises 44% in 2023 as Markets Stabilize

January 29
13:55 2024
    FINdex Rises 44% in 2023 as Markets Stabilize

The FIN Fastener Stock Index roared back in 2023, more than doubling gains by related industrial stocks in a rocky economic year that produced a “recovery” in U.S. industrial fastener demand.

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FAA: More Boeing Oversight on 737 Max 9

January 29
12:19 2024
    FAA: More Boeing Oversight on 737 Max 9

In addition to increased oversight of Boeing and auditing production of the 737 Max 9 jetliner, the Federal Aviation Administration may use an independent third party to oversee Boeing’s inspections and its quality system.

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PennEngineering Acquires Sherex

January 29
10:54 2024
    PennEngineering Acquires Sherex

Sherex president Adam Pratt will assume the role of president of Sherex and ATLAS, and Alex Hsiao will continue as GM of Sherex Taiwan.

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Global Fasteners Market Growth Estimate Rises

December 29
23:46 2023
    Global Fasteners Market Growth Estimate Rises

The upturn remains “fragile” from ongoing uncertainty around the war in Ukraine, the sluggish decline in global headline inflation, and continued food and fuel inflation in developing countries, a new report found.

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NFDA Panel: AI Attracts Young Employees

December 29
22:52 2023
    NFDA Panel: AI Attracts Young Employees

Adopting Artificial Intelligence can be important in hiring younger employees who want a “forward thinking company,” panelist Lonni Kieffer of SmartCert explained.

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Michigan Subsidizes EV Bolt Factory

December 29
21:46 2023
    Michigan Subsidizes EV Bolt Factory

State officials approved more than $5 million in incentives for a 365,000 sq ft manufacturing facility owned by Turkey-based Norm Fasteners.

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FDI Signals Fastener Market ‘Recovery’

December 29
20:34 2023
    FDI Signals Fastener Market ‘Recovery’

Results “indicative of a true stabilization and recovery in fastener markets for the first time in quite a while,” according to R.W. Baird analyst David Manthey.

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HPF Acquired By Italian Firm

November 29
23:20 2023
    HPF Acquired By Italian Firm

Deal to acquire Houston Precision Fasteners would allow Bologna-based Poggipolini to accelerate growth in aerospace and defense industries.

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Fastenal Fastener Sales Resume Decline

November 29
22:09 2023
    Fastenal Fastener Sales Resume Decline

Except for a brief increase in September, fastener sales at Fastenal Co. have declined five of the last six months.

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FDI Rebounds Amid Steadier Market Trends

November 29
19:23 2023
    FDI Rebounds Amid Steadier Market Trends

Soft economic landing tone emerges: “I am beginning to be a bit more confident that the long-promised recession isn't coming,” a respondent noted.

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