Problems Facing the Fastener Industry of China

Many countries, including EU, Mexico, the U.S., Canada, Argentina, Brazil, Australia, India and Russian Federation, have adopted anti-dumping measures or investigations against fasteners and other types of parts made in China. Such new wave of anti-dumping measures has been the severest in terms of range of impact and the level of severity.

1. In Japan: Due to the March 11 earthquake that rocked the eastern coast of Japan in 2011, the amount of fasteners imported to Japan in 2011 exhibited a growth of 11% as compared to 2011 and reached a record high – 315,000 tons.
2. Malaysia: EU has imposed the same percentage of anti-dumping tax on several types of fasteners and rivets made in and exported from Malaysia as the one imposed on China.

After EU imposes such anti-dumping taxes against China and Malaysia, two firms of Russian Federation intend to carry out investigations against fasteners exported from China. If Russian Federation also carries out similar anti-dumping measures, such measures will further worsen the export condition of fasteners exported from China. In February of 2013, the monetary value of fasteners exported from Jia-shin, which has been a big fastener exporting town in China, plummeted by about 50%.