News

U.S. Fastener Distributor Index Hits New Record-Low in April

On the bright side, respondents’ six-month outlook improved slightly.FCH Sourcing Network’s monthly Fastener Distributor Index (FDI) set a new record-low during April amid worsening impacts from the COVID-19 pandemic, hitting the lowest mark in the index’s nine-year history.The... Read More

Indonesia’s car sales slump in April due to COVID-19 pandemic

The number of Indonesia’s car sales tumbled in April as the COVID-19 pandemic has been dashing economic activities, an association said on Thursday.Data of the Indonesian Automotive Industry Association showed that the car sales plunged by 60 percent to 24,276 units in April on the monthly ... Read More

South Africa launches safeguard investigation on bolts with hexagon heads of iron or steel

On 15 May the International Trade Administration Commission of South Africa (Itac) initiated a safeguard investigation against increased imports of bolts with hexagon heads of iron or steel, classifiable in tariff subheading 7318.15.43, on which comment is due by 04 June. The injury analysis rel... Read More

Carbon and Certain Alloy Steel Wire Rod From China; Institution of Five-Year Reviews

On December 2, 2019 the United States International Trade Commission gave notice that it has instituted reviews pursuant to the Tariff Act of 1930 (“the Act”), as amended, to determine whether revocation of the antidumping and countervailing duty orders on carbon and certain alloy steel wire rod ... Read More

U.S. Trims Tariffs on Japanese Fasteners

The U.S. and Japan have reached a partial trade agreement for certain agricultural and industrial goods, including fasteners manufactured in Japan, according to the Office of the U.S. Trade Representative. The U.S. will “reduce or eliminate” tariffs on fasteners and other industrial goods, includ... Read More