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Survey: concerns about capital shortage, notably in steel, cars and transportation 2020-05-21
Japan (Reuters)-According to a Reuters company survey in May, 20 percent of companies said they were worried about running out of money if the impact lasted for a long time, while 30 to 40 percent of steel and cars in transit sounded cautious. With regard to cash flow, more than ...
MoreMould: The heart of the machine? 2020-05-20
In the last two decades, China's mold manufacturing technology has made a qualitative leap, and the mold industry has grown rapidly from small to large. International Fastener Show China (November 3-5, Shanghai World Expo Exhibition & Convention Center) has been focusing ...
MoreEU launched an anti-dumping investigation into certain hot-rolled flat products of iron from Turkey 2020-05-20
On 14 May 2020, the European commission announced that Eurofer submitted an application on behalf of producers of hot rolled flat steel products of iron, non-alloy or other alloys accounting for more than 25% of the total production of similar products in the EU on 31 March 2020....
MoreUS 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...
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