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Sheh Kai Expects Higher Revenue in H2 2014
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2014-05-29
Bi-metal screw manufacturer Sheh Kai is very likely to get away from the influence of the antidumping duty imposed by the EU and expects to recover the 30% sales loss caused by the ad duty in Q3.
 
An artificial person pointed out that the 23.6% antidumping duty imposed by the EU against stainless steel fasteners from China and Taiwan stagnated the fastener export of Taiwan to the EU, including bi-metal screws. As Europe is the main market of Sheh Kai, it was then active in seeking exclusion from the antidumping duty and has been currently accepted by the EU. The preliminary determination approved the exclusion of Sheh Kai from the stainless steel product list, which was timely rainfall for the company. The final decision will be announced in July and Sheh Kai is expected to be free from the duty after the final determination and regain the 30% loss of market share in Europe and see tremendous growth in H2 revenue.
 
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