In a fix over fasteners

The booming demand from China for steel has put supplies of nuts and bolts under enormous pressure. With stocks dwindling or going up in price, Phil Matten explains the options for purchasers

Fasteners aren't renowned for exciting an enthusiastic response from procurement specialists, probably because they seldom account for even 1 per cent of the value of a finished product. The fifty or so screws, washers, nuts and bolts holding together, say, a washing machine are unlikely to add up to more than £3. Conversely the range of sizes, specifications,...

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