Wenzhou screw manufacturers analysis: the future development of rail fasteners is expected to create a new market path

27-11-2017

Wenzhou screw manufacturers analysis: the future development of rail fasteners is expected to create a new market path


At the same time, it is predicted that the global industrial fastener market demand will reach 104 billion U.S. dollars in 2020. The report analyzes three types of fastener products: male threaded fasteners, aerospace fasteners and other standard fasteners. And pointed out that in view of the automotive industry demand for fasteners pull in the next 6 years, the global fastener market demand will show a substantial rise.

      In addition, consumer electronics, aerospace, machinery, maintenance and motor vehicles and other consumer markets will also stimulate growth in demand for fasteners.

      The market analysis report also shows that in 2013, the fastener fastener market accounted for the largest share, accounting for more than 45% of the market share; while the car oem is the second largest application market, accounting for more than 20%.

      January 30, the European Union on China's exports of carbon steel fasteners in the tax period expires 5 years, the EU initiated a sunset review. March 27 promulgated the sunset review final ruling, announced the continued imposition of 54.1% anti-dumping duties on China, and for 5 years.

      According to what we have learned, nearly five hundred fastener manufacturers in China were living in trouble five years after they imposed anti-dumping duties on Chinese fastener enterprises. However, when the WTO executive panel will rule whether the EU levies tax violations, the EU once again decided to extend the collection of 54.1% anti-dumping duties for five years. This move caused an uproar in China's fastener industry.

      "This is a wrong decision that is unfavorable to both sides and we strongly urge the EU to re-decide the sunset review of China's carbon steel fasteners." Feng Jinyao, president of China Machinery General Component Industries Association Fasteners Branch, said in an external statement: Confrontation is no way out and both parties should return to the negotiating table. "

      "After five years of taxation, China's fasteners are basically excluded from the EU market," said Chen Huai-ching, director of the legal department of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products. "China's fastener exports to the EU have been reduced from 600,000 tons per year to about 8,000 tons Ton, the market share dropped from 26% to 0.5%. "

      China and the EU fasteners involved in the case of the amount of about 900 million US dollars, before the EU market accounted for 50% of China's fastener export share of about. In an interview with Dagong Finance Finance, Feng Jinyao said that there are more than 8,000 fastener enterprises in China and one-third of the enterprises have been hit since the tax collection.


      Xu Pengfei, chairman of Ningbo Jinding Fastener Co., Ltd. further disclosed that since the anti-dumping of the EU in 2008, the domestic orders of fasteners only about 60%, some of them have been discontinued, the future may be 30% -40% of the enterprises are facing bankruptcy shut down.

Wenzhou screw manufacturers analysis: the future development of rail fasteners is expected to create a new market path


At the same time, it is predicted that the global industrial fastener market demand will reach 104 billion U.S. dollars in 2020. The report analyzes three types of fastener products: male threaded fasteners, aerospace fasteners and other standard fasteners. And pointed out that in view of the automotive industry demand for fasteners pull in the next 6 years, the global fastener market demand will show a substantial rise.

      In addition, consumer electronics, aerospace, machinery, maintenance and motor vehicles and other consumer markets will also stimulate growth in demand for fasteners.

      The market analysis report also shows that in 2013, the fastener fastener market accounted for the largest share, accounting for more than 45% of the market share; while the car oem is the second largest application market, accounting for more than 20%.

      January 30, the European Union on China's exports of carbon steel fasteners in the tax period expires 5 years, the EU initiated a sunset review. March 27 promulgated the sunset review final ruling, announced the continued imposition of 54.1% anti-dumping duties on China, and for 5 years.

      According to what we have learned, nearly five hundred fastener manufacturers in China were living in trouble five years after they imposed anti-dumping duties on Chinese fastener enterprises. However, when the WTO executive panel will rule whether the EU levies tax violations, the EU once again decided to extend the collection of 54.1% anti-dumping duties for five years. This move caused an uproar in China's fastener industry.

      "This is a wrong decision that is unfavorable to both sides and we strongly urge the EU to re-decide the sunset review of China's carbon steel fasteners." Feng Jinyao, president of China Machinery General Component Industries Association Fasteners Branch, said in an external statement: Confrontation is no way out and both parties should return to the negotiating table. "

      "After five years of taxation, China's fasteners are basically excluded from the EU market," said Chen Huai-ching, director of the legal department of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products. "China's fastener exports to the EU have been reduced from 600,000 tons per year to about 8,000 tons Ton, the market share dropped from 26% to 0.5%. "

      China and the EU fasteners involved in the case of the amount of about 900 million US dollars, before the EU market accounted for 50% of China's fastener export share of about. In an interview with Dagong Finance Finance, Feng Jinyao said that there are more than 8,000 fastener enterprises in China and one-third of the enterprises have been hit since the tax collection.

      Xu Pengfei, chairman of Ningbo Jinding Fastener Co., Ltd. further disclosed that since the anti-dumping of the EU in 2008, the domestic orders of fasteners only about 60%, some of them have been discontinued, the future may be 30% -40% of the enterprises are facing bankruptcy shut down.

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