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US automakers restart production 2020-05-19
United Auto Workers members leave the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift on in Warren, Michigan, US, on May 18, 2020. [Photo/Agencies]US automakers took the first steps to resuming production Monday amid continued concern for worker safety and...
MoreTurkey applies additional import tariffs to fasteners 2020-05-19
According to the Turkish Government Official Journal of 18th April (No. 31103 – 2424) certain fasteners imported to Turkey will be subject to additional tariffs from that date.The tariffs appear to be part of a wider programme of additional duties covering an extensive rang...
MoreHow Covid-19 is impacting the European fastener industry (Part Ⅱ) 2020-05-18
Fastener demand from general industry appears to have remained stronger in most countries, except Italy. Typical reports from Germany indicate demand shrinking by 20% to 30%. NEVIB in the Netherlands reports a 5% to 15% shortfall against the previous year. Overall fastener sales ...
MoreHow Covid-19 is impacting the European fastener industry (PartⅠ ) 2020-05-18
At the end of April, Editorial Consultant Phil Matten asked colleagues from across the European fastener association networks, for their assessment of the impact of Covid-19. Unsurprisingly, many issues were common, but the progress of the disease and individual government respon...
MoreEarly data for steel market shows dramatic impact of COVID-19 2020-05-15
The COVID-19 outbreak has caused steel consumption forecasts to be slashed and the overall economic outlook downgraded. Shutdown measures implemented by governments starting from March 2020 have severely impacted manufacturing activity and steel-using industrial sectors. “T...
MoreSteelmaker's situation 2020-05-14
ArcelorMittal flags lower profits, hopes lockdown easings herald turnaround for steel.ArcelorMittal, the world's largest steelmaker, forecast its steel shipments would fall by up to a third in the second quarter, leading to sharply lower profits as coronavirus restrictions hi...
MoreDetection Equipment Companies Recommendation 2020-05-13
With the rapid development of science and technology and the shortage of manpower today, automatic testing equipment has been playing an increasingly important role in all walks of life. It can accurately solve the quality screening problem of various precision screws, nuts, bolt...
MoreIndia's automakers warn of up to 45% sales drop 2020-05-12
NEW DELHI (Reuters) - India’s automakers have warned that total automobile sales could fall as much as 45% in the current fiscal year in a worst-case scenario as economic growth slumps due to the COVID-19 pandemic, and they are seeking government help through the crisis.Cars are...
MoreAutomakers in China to source local parts 2020-05-11
Michelin's tires are displayed at an auto parts show in Beijing. [Photo by WU CHANGQING / FOR CHINA DAILY]Reliance on foreign components stalls manufacturing in pandemicA wave of rising prices for automotive components and parts has been sparked by the outbreak of the novel c...
MoreChina extends anti-dumping duties on alloy-steel pipes from US, EU 2020-05-11
BEIJING -- China's Ministry of Commerce announced on Saturday that it will extend anti-dumping duties on imports of alloy-steel seamless pipes for high temperature and pressure from the United States and the European Union for another five years.Following an expiry review lau...
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