The Hot Spots of the Fastener Industry in the First Half of 2022

In the first four months of this year, China's total import and export value of foreign trade increased by 7.9% year-on-year, with a rapid decline in growth rate. On May 19th, Shu Jueting, spokesperson for the Ministry of Commerce, stated at a regular press conference that China faces many challenges in utilizing foreign investment due to multiple factors.

Rebate and efficiency improvement in the fastener industry, stable upgrading of the manufacturing industry

Quickly and strictly deploy, strengthen organizational support. The bureau adheres to the "top leader" responsibility system and specially establishes a leading group for tax refund and reduction work, responsible for the promotion, implementation, analysis, supervision, and implementation of tax and fee preferential policies throughout the Yongnian district. We have held multiple special work promotion meetings and working meetings on tax refund and reduction policy mechanisms to coordinate and promote the efficient implementation of tax refund and reduction work.

Transforming towards intelligence? New Development Tools for Fastener Enterprises

In the second half of the year, there were more exhibitions, and Huawang reporters took the lead in visiting several exhibitions related to the manufacturing industry to explore the way for everyone. At the exhibition, some exhibition halls were particularly lively, with people coming and going in an endless stream.

Ministry of Industry and Information Technology: Five Major Operating Conditions of the Steel Industry in 2021

In 2021, the steel industry will continue to deepen the supply side structural reform, further consolidate the achievements of steel production capacity reduction, promote the green and low-carbon transformation of the industry, actively respond to changes in domestic and foreign demand situations, actively ensure supply and stable prices, and maintain the safety and stability of the industrial chain supply chain. The overall operating situation of the industry is good, laying a good foundation for the high-quality development of the industry.

The supply and demand imbalance in the steel industry exceeded 80% in the first half of the year, and the net profit of steel companies declined

As of August 30th, the 2022 semi annual reports of 52 listed companies in the steel industry have been disclosed. Under the dual pressure of the prevention and control of the COVID-19 and the severe situation of the steel market, the steel industry entered a weak cycle, showing a trend of high costs, weak demand, and declining profits. The operating efficiency of domestic steel enterprises generally declined significantly year-on-year. According to data from Dongfang Wealth Choice, among the 52 listed companies mentioned above, nearly 50% of their operating revenue decreased year-on-year, while over 80% of their net profit attributable to the parent company decreased year-on-year.

In the third quarter of 2017, China's total import and export value of fasteners reached 2.05 billion US dollars, a year-on-year increase of 6.2%

According to statistics from China Customs, the total import and export value of fasteners in China in the third quarter of 2017 was 2.05 billion US dollars, an increase of 6.2% compared to the same period last year (the same below); The total import and export volume is 784400 tons, a decrease of 4.7% compared to the same period last year. The total export value was 1.253 billion US dollars, an increase of 3.4%; The total import volume was 796 million US dollars, an increase of 10.2%; The trade surplus was 457 million US dollars, compared to 490 million US dollars in the same period last year, and the trade surplus narrowed.