The tariffs, which go into effect March 23, do not appear to directly affect fasteners and other finished steel products. But the threat of steel hikes could have a chilling effect on the U.S. economy, economists warn. Steel prices were already up by more than 12% year to date as of Feb. 27, Barron’s reports.
The European Commission has published a 10-page provisional list of imported U.S. products, from peanut butter and orange juice to steel fasteners, that Europe is threatening to apply 25% import duties unless the EU is exempted from steel and aluminum duties imposed by U.S. President Donald Trump, Fastener + Fixing Magazine reports.
Industrial Fasteners Institute chair Phil Johnson, CEO of Agrati’s ContMidGroup, predicted the Trump tariffs won’t last, just as the announced three-year 30% steel tariffs during the George W. Bush administration lasted only half as long as intended.
In recent weeks, two prominent fastener companies have announced programs to add upgraded 3D printing to their businesses.
Select 2014-18 Ford Fusion and Lincoln MKZ vehicles recalled "for loose steering wheel bolts that could lead to a steering wheel detaching from steering column."
Managing director Ken McCreight announced the IFI has 27 new members, and plans to launch an online apprenticeship training program.
Commentary “again skewed largely positive” overall. One respondent indicated “sales are up 15% YTD.”
ISO certified manufacturer and master distributor of non-threaded fasteners acquires the HANDI-CHEK packaged goods business of ITW Shakeproof Industrial Products.
Composite fastener program assets include tools, fasteners and related spare part
The 2018 International Fastener Expo will be October 30-November 1 at Mandalay Bay in Las Vegas.
May 2-4, 2018, Southwestern Fastener Association spring conference includes moderator Baron Yarborough and panelists Tricia Dyer, Jake Davis and John Longyear. Expo follows on May 4.
Registration discount available online for the April 10-12, 2018, events.
Spring Bolt & Nut Manufacturing received API Q1 and 20E certifications from the American Petroleum Institute for fastener manufacturing for...
U.S. companies seeking to avoid paying tariffs on steel and aluminum may have to wait as long as 90 days before an exclusion is granted.
The European Commission has published a 10-page provisional list of imported U.S. products, from peanut butter and orange juice to steel fasteners, that Europe is threatening to apply 25% import duties unless the EU is exempted from steel and aluminum duties imposed by U.S. President Donald Trump, Fastener + Fixing Magazine reports.
“(The Bolt House) acquisition, being our largest to date, was an important step in pursuing our growth strategy of acquiring companies that significantly add to our revenue and leverage our infrastructure to drive earnings.”
Monogram, which was selected out of approximately 650 suppliers, completed all program deliverables and improved on-time delivery.
The tariffs, which go into effect March 23, do not appear to directly affect fasteners and other finished steel products. But the threat of steel hikes could have a chilling effect on the U.S. economy, economists warn. Steel prices were already up by more than 12% year to date as of Feb. 27, Barron’s reports.
Inclusion of Mansco, which Fastenal acquired in March 2017, added 3.6 pps to the daily sales growth of fasteners, the company stated.

