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Manufacturing Output Dropped 6.3% in March 2020-04-20

Total industrial production fell 5.4% in March, as the COVID-19 pandemic led many factories to suspend operations late in the month, according to the latest Industrial Production and Capacity Utilization report from the Federal Reserve. Manufacturing output fell 6.3%; most major ...

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IMF policy-setting body pledges collective action against COVID-19 pandemic 2020-04-17

The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. [Photo/Agencies]WASHINGTON - The policy-setting body of the International Monetary Fund (IMF) on Thursday pledged collective action to mitigate the health an...

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China's steel output, inventory fall in March 2020-04-16

A Dongbei Special Steel Group Co Ltd employee helps move finished steel products at a factory in Dalian, Liaoning province. [Photo by Wang Yang / For China Daily]BEIJING - China's steel output and inventory both fell in March, according to data from the China Iron and St...

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Fastenal’s Q1 Sales Up 4.4% 2020-04-15

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported first-quarter sales of $1.4 billion, a 4.4% increase over the same period a year ago. Earnings for the quarter rose 4.4% to $202.6 million.Compared to the first quarter of 2019, this increase was driven by higher ...

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How does small screw enter overseas big market? 2020-04-14

Yongnian, known as the fastener capital of China, is famous for its fastener industry. With the promotion of "China intelligent manufacturing" and "The Belt and Road", the fastener enterprises in Yongnian District actively expand the overseas market, and ...

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China's auto sector to continue recovery in Q2: analysts 2020-04-13

BEIJING - China's auto sector is expected to continue recovery in the second quarter as carmakers resume production and pent-up demand unleashes, analysts said.Auto parts makers as well as car manufacturers have survived the worst period in the first quarter, when COVID-19 we...

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EU has made an anti-dumping preliminary finding on Hot Rolled Stainless Steel Sheets and Coils from China 2020-04-10

Commission Implementing Regulation (EU) 2020/508 of 7 April 2020 imposing a provisional anti-dumping duty on imports of certain Hot Rolled Stainless Steel Sheets and Coils originating in Indonesia, the People's Republic of China and Taiwan.The European commission decided to i...

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World trade to fall by up to 32% in 2020: WTO 2020-04-09

Ships get ready for their voyages in the foreign trade container terminal of Qingdao port in Shandong province. [Photo by Yu Fangping / For China Daily]GENEVA -- World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID-19 pandemic disrupts no...

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EJOT Join Africa market 2020-04-08

In the context of the global spread of the epidemic, the new cases in China and Europe and the United States showed a parabolic correlation. The overseas investment market also appears different situation, and the sales volume of the world's well-known enterprises may su...

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Canada announces third sunset review on Carbon Steel Fasteners from China 2020-04-07

On March 26, 2020, CBSA made the final judgment of the third antidumping and countervailing sunset review on carbon steel fasteners originating from or imported from China, and the final judgment of the third antidumping sunset review on carb on steel fasteners imported from Taiw...

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