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Taiwan's Fastener Export Increased for 4 Straight Months
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2020-10-13
     With the COVID impact waning in Taiwan, the country's fastener export has recorded an uptick for 4 consecutive months, reaching 123.5 thousand tons in August, a significant 20.6% increase from 102.4 thousand tons in April, and up 0.8% from July, but down 3.6% from last August. The average export price was USD 2.88 per kilogram, up 0.6% from July but down 1% from last July. The total export in the first 8 months exceeded 933 thousand tons, down 12% from last period, indicating a reduction in volume and price.
 
     The industry expects Taiwan's fastener export should gradually turn around as does the American and European manufacturing with international steel prices going higher. Even if the decline in export to the world will continue, the margin of decline is expected to reduce.
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