Problems Facing China’s Fastener Industry
4/6/2013 3:49:00 PM
FEATURE
Many countries, including the EU, Mexico, the U.S., Canada, Argentina, Brazil, Australia, India and Russian Federation, have adopted antidumping measures or investigations against fasteners and other types of parts made in China, Fastener World reports.
“Such new wave of anti-dumping measures has been the severest in terms of range of impact and the level of severity.”
In Japan: Due to the March 11 earthquake that rocked the eastern coast of Japan in 2011, the amount of fasteners imported to Japan in 2011 exhibited a growth of 11% as compared to 2011 and reached a record high – 315,000 tons.
Malaysia: EU has imposed the same percentage of anti-dumping tax on several types of fasteners and rivets made in and exported from Malaysia as the one imposed on China.
Following the EU imposition antidumping taxes against China and Malaysia, two firms of Russian Federation intend to carry out investigations against fasteners exported from China, according to Fastener World.
“If the Russian Federation also carries out similar antidumping measures, such measures will further worsen the export condition of fasteners exported from China.”
In February 2013, the monetary value of fasteners exported from Jia-shin, a substantial fastener exporting region in China, plummeted by 50%.
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