Russia's fastener market worth deepening

It is understood that Russia is the second largest export market for fasteners in China, and the share of fasteners in the Russian market is also rising. In 2011, China’s fasteners exported to Russia reached 216,393 tons, a year-on-year increase of 27.3. %, the export value reached 309,521,705 US dollars, an increase of 47.1%. The arrival of the new Putin era is also a good news for the fastener industry. Together with the official approval of Russia for accession to the WTO at the end of last year, tariffs are expected to be lowered and the trading system is more transparent. We think this will help. In China's fastener companies to further tap the Russian market opportunities.

Russia's fastener industry develops an enabling environment:

Russia is also actively preparing and issuing various fastener standards to improve product quality and industry competitiveness. In January 2011, Russia adopted a standard for high-strength bolts for bridges; in July of the same year, the Russian Timber Construction Association issued a new standard for connection design of screws and externally threaded screws for wood construction. Including “Connection Requirements and Test Methods for Nails, Screws, and Threaded Screws” and “Design of Timber Connections for Wood Construction Using Threaded Fasteners”; in 2012, the RosMetiz Association of Russia issued Nut Manufacturing Standard STOPM1-1.003-2011. The standard is for threaded nuts with a diameter less than or equal to M16 and a strength rating of 8.

"The current situation of the Russian government is 'to promote the upgrading of Russian fasteners in terms of variety and quality.' In order to expand the variety of Russian fasteners, Russian fastener manufacturers need to do a lot of work, and they are currently enhancing their execution. It's a lot of work."

It is reported that BelZAN, the largest automotive fastener manufacturer in Russia, has been providing fasteners for road construction since 2009 and plans to develop wind power equipment in the future to expand the variety of fasteners and achieve product diversification. The Russian Severstal-Metiz Group also passed the verification of high-strength fasteners for bridge construction. Many fastener factories currently plan to expand their mechanical plant.