Prolongation of fastener protective measures
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Exhibition Name: Prolongation of fastener protective measures
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In an interview with Metal Supply and Sales Magazine, general director of Prommetiz Association B.M. Yarantzev commented on the current protective measures against imported fasteners.

“The protective measure has been in force for 21 months now without any of the negative predictions coming true; while positive results are appearing. Introduction of the protective measure has encouraged investment in the fastener sector.”

“Unfortunately, the duration of the protective measure against imports of machine building fasteners is limited to three years and will be terminated in March 2014. If we succeed in prolonging the duration of the protective measure for 6 more years, then in 2020 Russia will have a modern competitive domestic production of machine building fasteners.” In his interview Yarantzev also identified current barriers in the way of intensive development of the hardware industry.

Prometiz, which represents the largest Russian manufacturers of metal products, is committed to obtaining the extension of the protective measures. Mr. Yarantzev believes the extension will allow Russian producers to reconstruct their production and compete with imports.

The measure was introduced for a three year term on 18th March 2011 under Government Decree N 68 ‘On special protective measure against fasteners’ enacted 12th February 2011 and the decision of the CCC on 22nd June 2011 number 703. The measures are scheduled to end 17th March 2014.

The Rosmetiz hardware association is more skeptical about the benefits of the protective measure. During the period of the protective measures, Rosmetiz says, the volume of imports of fasteners has not changed as a percentage of the volume of Russian production and consumption has increased. 2012 exports of fasteners produced by Russian companies decreased by 37.1%, indicative, Rosmetiz believes of continued challenges in competing with foreign manufacturers.

According to the coordinator of Rosmetiz, Alexander Semenov, the challenge for Russian-made hardware is not only to upgrade equipment but also to develop the use of modern technology. This will reduce the cost of production, allowing competition with imports on the key indicator—the final price of the product. The technologies will also allow the production of high quality fasteners.

A simple extension of the protective measures and the orientation towards only Russian-made fasteners on the domestic market, says Semenov, will not lead to positive results, as evidenced by the current situation.

www.chinaFastenerinfo.net

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