The EU May Impose Anti-dumping Duties On China's Exports Of Screws And Fasteners.

Recently, the European Commission announced that it may increase tariffs on fasteners from China. As part of the one-year anti-dumping investigation, the European Commission chose to increase the price of imported fasteners. So far, the price of fasteners, including screws and connectors, will rise again.

Like most other commodities in the past 19 months, the prices of screws and other fasteners have risen thanks to a combination of factors such as transportation costs, container expenditures, raw material prices, and factory capacity.

Currently, anti-dumping duties are imposed on screws and other steel fasteners from China. The applicable standard surcharge is 86.5 percent . A 39.6 percent tariff is imposed on a small number of Chinese fastener exporters.

The Fasteners Association, which represents importers and wholesalers (including EFDA), called the move "puzzling" and added: "The EU is creating permanent supply issues for European industries, putting'Made in the EU' at risk. middle"

EFDA added: "The planned tariffs will affect all sectors of European industry, technology and commerce, as well as European consumers, all of which depend on the reliable supply of fasteners manufactured in accordance with international standards. These seemingly simple, low-value Precision engineering components—whether they are bolts, screws or washers—are essential for the manufacture, installation and use of cars, bicycles, washing machines, solar panels, combine harvesters, furniture and trains."

Although screws and other fasteners affect the cost of bicycle products a small amount, manufacturers in Europe will hardly welcome this increase in cost. However, those suppliers who wish to import fasteners from China will face major challenges due to rising prices.