“Since March, due to a sharp demand drop brought on by the Covid-19 pandemic, most of the steel mills put their steelmaking facilities under maintenance, which has caused production volume to plummet in recent months,” China Steel Corp. explained.
NEWS BRIEFS
December 17
13:09
2020
Founded in 1969, OEM Fastening Systems assists engineers in the automotive, appliance, and outdoor power equipment markets with fasteners, tooling and tooling repairs.
December 15
16:22
2020
Winston Leonard “Win” Adams and his spouse Barbara founded Adams Nut & Bolt in 1979 and he was president of the National Fastener Distributors Association for 1986-87.
December 14
18:47
2020
Nicolas Krauss joined Henkel in 2012 in Germany as global head of strategy.
December 10
01:13
2020
Fastener export volume dropped 12.1% to 1.04 million tons, while the value decreased 12.3% to US$3.02 billion and the average unit price dipped 0.3% to $2.89/kg, Fastener World reports.
December 10
00:41
2020
In 1983, he founded EFC International, which has grown to be a global supplier of engineered fasteners with locations including North America, Europe and Asia.
December 08
12:13
2020
“Slightly weaker employment and customer inventory levels drove the modest m/m contraction in the FDI,” R.W. Baird analyst David Manthey wrote.
December 08
02:36
2020
Traditionally held during June, MWFA chose August this year in hopes enough people will have been vaccinated to increase the safety of the events.
December 07
12:22
2020
Fastenal Co. reported the decline in fastener sales that began in March due to the pandemic continued to slow in November, with sales down only 1.7% compared to an 6.9% decrease in the third quarter of 2020.
December 03
20:04
2020
President-elect Joe Biden said he will try to build an allied front against China’s unfair trade practices, while also trying to improve diplomatic ties with China by toning down the harsh rhetoric used by outgoing President Donald Trump.
December 03
14:10
2020
“Bengt was an icon in the fastener world and… will long be remembered for his wit, knowledge, and passion for this industry,” noted Laurence Claus of the Industrial Fasteners Institute. “He truly was one of a handful of fastener specialists that will leave a long and enduring legacy on the industry.”
December 03
01:29
2020
CEO Matt Dudenhoeffer said the website serves “as a platform for EFC’s mission to redefine the world of distribution.”
December 02
16:43
2020
The ASTM Committee F16 on Fasteners has scheduled meetings through 2022, but the May 2021 meeting “is likely to go virtual.”
December 02
12:40
2020
The in-person Fastener Training Week scheduled for December in Cleveland has been postponed until February 1-4, 2021. With the pandemic surge, Cuyahoga County limits groups to 10.
December 01
13:37
2020
Bob MacPherson has 20 years experience in B2B sales, including his most recent role of regional sales manager for Texcel in Houston.
November 30
18:10
2020
CEO Marc Strandquist plans to deliver rapid prototyping and full-scale production to manufacturers with a single-source, centrally located facility near Chicago.
November 25
17:45
2020
The trade show had been scheduled for September 2020 in Las Vegas but was cancelled due to the pandemic.
November 25
12:51
2020
By locating manufacturing in the southwest, Dyson can provide competitive pricing, faster deliveries and the ability to adjust to changing job schedules.
November 23
16:58
2020
“With over 40 years of industry sales experience and technical expertise, Tom will be a great connection to our south-central customer base and a valuable resource to our team,” national sales manager Kameron Dorsey said.
November 22
23:44
2020
Paul Pryzby joined Optimas in 2015 as sales VP and general manager. Prior to that he worked for Anixter for a decade as sales VP and global program manager.
