ASIAN NEWS
Overview of 2011 Asian fastener exports and imports
This analysis was provided by Fastener World Magazine
Taiwan In 2011, Taiwan fastener exports continued the robust
performance of 2010, reaching 1.42 million tonnes, up 11.4% over 2010 and amounting to US$3.97 billion (+23.61%). The top five export destinations were the U.S., Germany, Holland, Japan and the UK. Record export volume growth was mostly due to increasing exports to the EU, which has become Taiwan’s largest export market. Taiwan’s imports remain small at 25,000 tonnes in 2011.
Japan Japanese fastener industry output in 2011 totalled 2.76 million
tonnes, down 3.7% compared with 2010, worth JPY79.73 billion (-1.4%). 2011 Export volume was 305,000 tonnes (-1.8%) valued
at JPY23.19 billion (-1.6%). Imports totalled 218,000 tonnes (+10.8%) valued at JPY64 billion (+11.8%). 2011 imports were at the highest level in history.
P.R. China Total 2011 output for the Chinese fastener industry rose to
6.8 million tonnes, increasing 9.7% compared to 2010. The total value of sales was RMB 66 billion (+10%). Fastener export volume reached 2.589 million tonnes,
increasing by nearly 14% compared to 2010 while export value reached US$4.664 billion (+27.56%). Fastener imports totalled 264,000 tonnes (+0.39%) worth US$2.94 billion (+2.41%).
Hong Kong Hong Kong fastener export volume in 2011 amounted to 30,700
tonnes, down 6% compared to 2010. Export value increased 1% to US$374 million. At 45,500 tonnes imports increased 3% year on year but declined by 25% compared to 2009. Import value was US$325 million, down 2% compared to 2010.
South Korea The fastener output of South Korea in 2011 reached 820,000
tonnes, valued at US$2.87 billion, showing a slight growth compared to last year. Imports were valued at US$440 million, up 13.5% compared to 2010 while the export value was US$480 million, up 50.1% compared to 2010.
San Shing Q3 sales down
San Shing told the Taiwan Stock Exchange its Q3 sales were NT$1.264 billion (32.7 million euros) - down 11.4% from the previous quarter.
P
rofit margins also declined. Capacity utilisation fell to 80%. San Shing said weak EU and US markets mean customers have reduced their stock levels. The company projected weaker order levels for the final
quarter of 2012.
2012 H1 performance of listed Taiwanese fastener companies
Company
Revenue H1 2012
(’000 NTD)
Sang Shing Fastech 2,713,254 Chun Yu
Tycoons Group Rodex
QST International Sheh Kai Sumeeko Sheh Fung
2,018,242 1,420,015 1,103,320 1,156,103 331,911 477,707 694,284
Revenue H1 2011
(’000 NTD) 3,069,275 2,382,814 1,474,881 1,280,083 1,111,742 448,772 487,048 640,582
Source: cnYes compiled by Fastener World Inc. Approximately NTD36 = 1 euro.
CSC confirms lower wire rod prices
Taiwan’s China Steel Corporation officially confirmed domestic prices for its wire rod and bars will reduce by NT$1300/t (c. 35 euros per tonne) for December deliveries.
T
he reduction is twice that applied to hot rolled sheets and coils with CSC holding prices on most other grades. It takes CSC’s domestic wire rod list prices to below the equivalent of 600 euros per tonne.
CSC reduced domestic list prices on wire rod and bar for
September deliveries by a similar figure and followed this with a further reduction of around 48 euros per tonne for October and November. The reductions across China Steel’s entire steel offer were
reflected in a dramatic plunge in operating profits during October. CSC October sales totalled NT$15.74 billion (around 426 million euros), reflecting a 3.5% month on month growth, but operating profits fell by more than 75% to NT$154 million.
Mainland Chinese steel prices strengthening
China’s steelmakers maintained steel product prices unchanged in October and recent reports indicate that Chinese steel giant Baosteel has announced increased list prices on a wide range of steel grades for December.
T 28 Fastener + Fixing Magazine • Issue 78 November 2012
he three months prior to October saw persistent reductions in Chinese steel products prices in the face of subdued domestic demand. The stabilisation of prices in October was attributed to the Chinese government
approving around US$160 billion in infrastructure projects. Strengthening raw material costs were also placing pressure on Chinese steel company’s profitability.
Percentage Change (%)
-11.60 -15.30 -3.72
-13.81 3.99
-26.04 -1.92 8.38
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