According to the statistics by Shanghai Customs, the city total steel fasteners in 2009 piled at 0.929 million tonnes with the value of USD 1.32 billion down by 42%YoY and 49.4%YoY respectively.

Industry experts figured the weak international steel demand and protectionism are the main drivers behind. As reported, the demand of fastener slumped in 2009 under the gloomy global market, especially for that from US and EU. As a result, Shanghai decrease rate was 1.9% higher than the nation's average level in 2009.

In order to ensure the stability of China fastener export, experts advise enterprises to actively be confronted with all protectionisms. Secondly, enlarge government guidance so as to offer enterprises necessary support on trade frictions. At last explore newly developed market and the domestic market to weather through the cold winter.

Source: MySteel.net