Posted Date: 06/12/2011
Bruce Darling summed up the 2011 Asian fastener market for the Pac-West Fastener Association: Taiwan: steel is rising, the dollar is weak, Northern Africa is in civil war and Europe is unsure where to buy. China: Steel and labor prices are up and there is little plan expansion. Electricity and pollution are major problems.
“In Taiwan business in 2010 was better than 2009,” the vice president for materials management at Porteous Fastener Company said. “If 2011 does not pick up, there will be fall out.”…
Source : American Fastener Journal – Read full article on the given date in the news section via Asian Fastener Manufacturing Cost Up Demand Still Strong