BIAFD Briefing: Repeal of Antidumping Measures on Steel Fasteners from P.R. China
The European Union has removed high levels of anti dumping tariffs from carbon steel fasteners imported from China.
These duties had been in effect since January 2009, making the affected fasteners completely uneconomic to source from China.
The short term implications for the fastener supply chain are limited because of production and transit lead-times from China. Fastener importers will need to reassess quality and service levels from Chinese factories which have not been viable sources since 2009. Longer term, China may present some cost savings on simpler fasteners but this potential is uncertain because of the risk of new anti dumping investigations being initiated by the EU. The decline of Sterling’s strength against the US Dollar, accelerated recently by Brexit concerns, has counteracted cost reductions in steel, which are less pronounced on wire rod, the primary fastener raw material.
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