Last year, affected by the US inflation, Taiwan’s screw exports to the US declined by 22.2%; this year, with the US inflation ease, the decline of export eased as well.

In February, single-family home construction in the US, which dominated the US construction market, rebounded by 11.6%. Once the interest rate is cut, the mortgage rates will go down as well, which will further drive the construction market and even the screw industry.

Taiwan’s screw traders indicated that inquiries from the US clients gradually increased recently, and they forecasted the market could accelerate resume if the US cuts interest rates in June as expected.