Taiwan’s Fastener Export to the US Grows Sharply

It is currently reported that Taiwan’s fastener export to the US in July reached 56 thousand tons, the highest record for a single month since the financial crisis. It is optimistically expected that there may be growth in Taiwan’s fastener export to the US in the next 5 consecutive years, which will be also good news to large fastener plants including Chun Yu, Tycoons, and San Shing. One director from China CSC says that the best performer in the global steel market is currently the US due to its economic recovery that effectively creates demand, while the recovery of construction and manufacturing industry also stimulates the continuous orders for fasteners.  

One Gangshan-based fastener maker says, “The total order of his company this year remains at the level of NTD 0.4 billion. Every month the volume shipped is almost the same as the total order received. There is no low season and the industry is quite happy with this situation.” One company adds, “Due to the influence of the clampdown on electroplating plants, the fastener industry once encountered a short period of undersupply, which the shipment was delayed for 2-3 months, worrying overseas buyers a lot and pushing them to place orders in advance. That is why the fastener industry is now booming, which is rarely seen over the past 5 years.”

Statistics show that Taiwan’s fastener export to the US in July reached 56 thousand tons (+6.37% over June this year and +8.73% compared to the corresponding period last year). Nearly 40% of Taiwan’s fastener export was to the US, the highest record this year.