In 2011, The Total Output of China's Fastener up 9.7% to 6.8 Million Tons

In 2011, the total output of China's fastener up 9.7% to 6.8 million tons and the sales up 10% to 66 billion YUAN while compared with last year, which broke the history record. In the meantime, there were about 200 enterprises whose sales were above 100 million YUAN. According to statistics, the steel fasteners exported from mainland China in 2011 respectively grew by 13.95% and 27.56% to 2.589 million tons and 4.664 billion dollars year-on-year. The export sales took up 38% of the total sales, which reflected the proportion of domestic sales and export sales becoming more and more reasonable. The steel fasteners exported to EU still met obstruction due to its high antidumping duty, but the export products like nuts saw a jump growth. The steel fasteners exported to USA increased by 13.3% and the export to the newly-emerging markets like Russia, India, Brazil, and South Africa, especially Eastern Europe saw large growth on volume and value. In 2011, the fastener imported by mainland China also saw a slight increase of 0.39% and 2.41% to 264,000 tons and 2.94 billion dollars respectively in comparison with 2010. Source:chinafastener