European Union imposes anti-dumping duties on China and triggers supply shortage of fasteners in Italy

The meeting mainly discussed the increasingly severe problem of product supply. According to UDIB, this was mainly due to the inconsistency in the rise in finished product prices and the EU’s trade bastion of imported fastener products. The meeting also discussed related issues with the rapid development of the fastener industry and increasingly prominent product structure issues. In particular, the introduction of severe new regulations has led to difficulties in development.

When talking about the current challenges faced by fastener distributors, Mr. Enea D'Incecco, president of UDIB, pointed out: “The problems facing Italian fastener distributors are various, but at present our industry needs urgently to be able to market both at home and abroad. A place in the table, including in important political areas, because it will play a decisive role in many of our strategies. It is necessary for distributors to obtain formal recognition in strategic roles, especially in Italy."

Mr. D'Incecco also mentioned the impact of raw materials and other factors on the cost of fasteners. "As a result of numerous factors, including the rising prices of raw materials, the price of fasteners is increasing dramatically; in addition, the fastenings are native to China. The imposition of anti-dumping duties will further drive the price of fasteners to climb."

“The supply of products is more severe than ever before,” he added. “The imposition of anti-dumping duties “blocks” all fastener products imported from China, forcing the market to meet demand, but European manufacturers cannot provide them. The same type of products imported from China. This effect is particularly pronounced in low-cost fastener products, because Chinese products have to a large extent compensated for the EU's under-production in this area."

In addition, Mr. D'Incecco also pointed out that "Italian distributors play a key role in giving added value to fastener products. They can turn ordinary bolts into unique products." But he believes that the Italian market is dispersive. It will be a long-standing problem. This phenomenon has existed since the 1970s. At that time, the Italian market was small and there were no large-scale traders; now, large Italian producers directly control the majority of the production-distribution-terminal supply chain. Link. For dealers, it is very difficult to establish large-scale trade relations with major end users.

On July 15, 2011, the WTO’s WTO decision on China’s victory in fastener anti-dumping cases in China was a good news for the shortage of fastener products currently facing the Italian market.

According to China's largest fastener trade show | Golden Spider Exhibition Organizing Committee was informed that the previous number of buyers at the Golden Spider Fair in Italy accounted for a large proportion of the total number of overseas buyers. The WTO ruled that China’s success in fastener anti-dumping cases will surely promote the purchase of Italy at the 6th Guangzhou Fastener Trade Fair (November 11-12, 2011, Guangzhou Poly World Trade Center Expo) and even Europe. The number of visiting businessmen reached new heights.