The First Half of 2018 Sets New Records for Taiwan's Fastener Export

The fastener export of Taiwan did well in the first half of this year, setting new records in export volume, price and value. The export volume of fasteners in the first 6 months of 2018 totaled 830,299,490 tons, up 5.65% from the previous period. The average export price was USD 2.866 per kilogram, up 10.63%., and the export value was USD 2.379 billion, a significant increase of 16.89%. Since last year, the growth of the American and European economy, coupled with increased demand in overseas markets and steel price raise led to China Steel Corp raising the price of wire rods, which provides the drive for Taiwan's fastener export to hit new records. The annual performance for the full year has a goood chance of raising the bar again.