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CMI News & Announcements

Early October Roofing Nail Tariff Update

FOR IMMEDIATE RELEASE:

 

Roofing Nail Tariff Update
October 05, 2018

    

Dear Valued Customer;

In our continuing effort to keep our customers informed we would like to summarize the current impact of the Section 301 Tariff that was implemented in the first stage for material arriving in the U.S. as of September 24, 2018, with the second phase announced for January 1, 2019.

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Roofing Nail Tariff Update

FOR IMMEDIATE RELEASE:

 

Roofing Nail Tariff Update
September 18, 2018

    

Dear Valued Customer;

“The Section 301 Tariff is being implemented at the rate of 10% effective with entries passing through customs as of September 24th, 2018. The additional 15% is being deferred until January 1st, 2019.”

Some Background.
It is our ongoing goal to keep our customers informed of changes regarding the nail market and our industry and any actions or activities that may impact your business both in the short and longer term. On Monday, the Office of the United States Trade Representative released, as part of the United States’ continuing response to China’s theft of American intellectual property and forced transfer of American technology, a list of approximately $200 billion worth of Chinese imports that will be subject to additional tariffs as noted earlier this summer. Click here for a link to White House statement.

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Continental Materials Announces Mitchell Ayers as Assistant Sales Manager - Specialty Fasteners

FOR IMMEDIATE RELEASE:

 

Continental Materials Announces Mitchell Ayers as Assistant Sales Manager - Specialty Fasteners
April 12, 2018

Continental Materials, Inc. (CMI) is excited to announce that Mitchell Ayers has joined the CMI team filling the key role as Assistant Sales Manager for the CMI Specialty Fastener business. In this position Mitchell will also be responsible for expanding the business with national accounts as well as through 2-step distribution.

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Latest Tariff Update

FOR IMMEDIATE RELEASE:

 

Latest Tariff Update
August 2, 2018

    

Dear Valued Customer;

Click here to view related info on CNBC.com

Tariff Update: It became known on Wednesday that the U.S. administration is considering raising tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent that was previously announced in July. As we are aware, this has been done in a bid to pressure Beijing into making trade concessions. As we have also noted prior on the 10 percent tariff, this may happen or may not happen but you need to be informed that this is 150% more than originally announced, if that 25 percent tariff goes in to affect in full.

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Urgent Tariff Update

FOR IMMEDIATE RELEASE:

 

Urgent Tariff Update
July 12, 2018

    

Dear Valued Customer;

As always, we at CMI work to keep our customers informed regarding the nail market and actions or activities that may impact your business either short and longer term. We had mentioned in our last update that we didn’t see the tariff situation coming into play at that point. With that said, just yesterday, the US government announced a proposed tariff on roofing nails and related items (in addition to thousands of other items) that will be in the 10% range. The proposed implementation date for the tariff is September 1st, 2018 and would impact orders (containers) delivering on that date and going forward.

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