EuroWire November 2022

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South Africa metal fasteners – manufacturing and wholesale industry report 2022

steel production increases, prices of input materials such as iron ore, coking coal and steel scrap are also rising due to higher demand. Many fastener manufacturers are not accepting orders because they cannot secure steel supplies. There is also a global shortage of shipping containers, which has caused a surge in freight costs. Other key topics covered in the report include a description of the industry – industry value chain, geographic position, size of the industry, and key success factors and pain points; local factors – key trends, notable players, trade, corporate actions, regulations, and enterprise development and social economic development; and influencing factors – Covid-19, economic environment, labour and environmental issues. Research And Markets www.researchandmarkets.com

construction, rail, energy, agriculture and manufacturing industries. Factors such as the impact of the pandemic, poor economic growth and high input costs continue to have a significant impact on the performance of the metal fasteners manufacturing and wholesale industry. The imposition of safeguard duties on imports of various types of metal fasteners in recent years has increased demand for locally manufactured fasteners, according to the industry. During 2020 and 2021, safeguard duties were imposed on imported iron or steel bolts with hexagon heads and fully threaded screws with hexagon heads. As countries begin to recover from the impact of the pandemic, demand for fasteners is growing in most industries, but there are problems on the supply side. Steel plants have been slow to come back online, causing a global deficit that led to ongoing higher steel prices. As

A report titledManufacture andWholesale of Metal Fasteners in South Africa 2022 has been added to the portfolio of Research And Markets. The report focuses on the manufacture and wholesale of metal fasteners, nails, rivets, tacks, pins, staples, washers and other non-threaded products, nuts, bolts, screws and other threaded products. It includes information on the size of the industry, trade statistics and influencing factors. 39 company profiles are included, listing companies such as Bidvest, Hudaco Industries and Invicta; manufacturers including Avlock International, CBC Fasteners and SA Bolt Manufacturers; and wholesalers such as Action Bolt, Hilti and Wurth. South Africa is Africa’s largest exporter of metal fasteners. Key end users include the mining, automotive manufacturing,

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November 2022