Korean Fastener Manufacturers Being Active Based on Market Demand

In recent years, fastener manufacturers of South Korea have been very active in development of core products, based on actual market demand. They manufacture what the market demands, from Grade 8.8 to Grade 12.9-14.9 high tensile strength bolts, or from providing technical service to offering mechanical fastening solutions. They are not only focused on a certain industry sector.

The annual fastener export of Korea is generally within the level of 150 thousand tons. Fasteners are mainly sold to USA, China, Japan, Canada, and the EU. The EU imports mainly carbon steel self tapping screws, carbon steel screws with dia. under 6mm, SS/carbon steel hex screws, and SS nuts from Korea. The volume of SS hex screws the EU imported from Korea is higher than that the EU imported from Taiwan. There are over 700 fastener manufacturers in Korea with the total employment of 13.6 thousand people. In  2010, the fastener production of Korea reached 760 thousand tons, which could not only satisfy the demand of Korean companies, but also could be exported to China.