Fastening industry experienced multinational anti-dumping baptism

Intelligent manufacturing is also a new manufacturing model for fasteners. It is an inevitable result of the development of automation, digitalization, networking, and intelligentization of mechanical manufacturing. At present, the global demand for fastening castings is mainly concentrated in the three major markets of North America, Western Europe and Asia. Its annual demand is more than US$10 billion, and it is also the main market for fastener exports in China.

In recent years, China's fastener industry has developed rapidly and the volume of related products has continued to grow. However, the huge export volume has also allowed companies to fall foul of unfair competition. Wu Changhai, an expert in international trade law at the China University of Political Science and Law, said in an interview with a reporter from the China Trade News that, under normal circumstances, the greater the export volume of a product, the greater the possibility of anti-dumping lawsuits filed by other countries.

Before the European Union imposed anti-dumping duties of 26.5% to 85% on Chinese steel fasteners (except stainless steel). In July of the same year, China initiated the WTO dispute settlement procedure on EU anti-dumping measures against Chinese fasteners. The WTO finally ruled that China won the dispute with the EU on fasteners.

Not only the European Union, the United States has also made it difficult for small fasteners. The U.S. Department of Commerce and the U.S. International Trade Commission have identified a "double counter" investigation into fastener products imported from China. The evidence presented by the US shows that standard parts products produced by fastener manufacturers from mainland China and Taiwan, such as steel structural bolts, nuts, cap screws, etc., have been subsidized by the government and these products have been dumped to the United States. .

At the same time, relevant persons in the United States claimed that the average dumping ratio of imported goods from mainland China was 145%, and the average dumping ratio of imported goods from China's Taiwan was 74%.

After many mediations and corporate defenses, the United States terminated its "double counter" investigation of fastener products in China.

After many twists and turns, although Chinese companies eventually won victories in relevant cases, the imposition of provisional punitive tariffs has already made domestic companies seriously hurt.

In addition, Canada, Russia and other countries have also conducted anti-dumping investigations on fasteners made in China, coupled with the impact of the financial crisis, the overseas sales of fasteners in China are not optimistic.

At present, the domestic machinery industry usher in a recovery opportunity, so the domestic market will become an important driving force for the growth of the fastener industry. Actively adjusting the direction of development, carrying out transformation and upgrading, optimizing product structure, and better grasping the domestic market will become an important opportunity for the domestic industry to emerge from the downward trend.