Tariffs on Fasteners and Wire Rod Grow

July 26

00:00 2010

Share it With Friends

FEATURE

” title=””>

=”yes” class=”mceEditor”>

Tariff disputes involving fasteners continue to make headlines as Western nations grapple with Asian producers accused of flooding markets with subsidized screws and bolts.

Tariffs on fasteners and wire rod have grown in the global economic downturn, and not just among major importer and exporter countries. India, Malaysia, Turkey and South Africa have been embroiled in trade disputes, along with the U.S., the European Union, Canada, China and Russia.

For the full story, login to GlobalFastenerNews.com.

EU Fastener Makers Drop Complaints Against India & Malaysia
While hinting at new allegations, European fastener producers have dropped complaints that rivals in India and Malaysia are dumping illegally-subsidized screws and bolts in the European Union, Reuters reports.

China Places Final Tariffs on EU Fasteners
Claiming “substantial damage” to its fastener industry, China announced final five-year antidumping duties on steel fasteners imported from the European Union.

U.S. Tariff Decision Due In Autumn
In the coming weeks the U.S. Court of International Trade is expected to rule on tariff petitions filed by Nucor Fastener in 2009.

South Africa Mulls Duty Renewal
“A change in the duties charged on fasteners brought into South Africa can reduce prices, but will expose South African companies to serious competition from abroad.”

Russia Initiates Global Antidumping Probe
The “special protective investigation reflects concern over the increase in imports of steel bolts and steel nuts to the Russian Federation customs territory,” reports Fastener+Fixing Magazine

Global Fastener News