Revised: In 2020, China's steel output reached a new record high of 1.325 billion tons, according to the Ministry of Industry and Information Technology. The output of pig iron, crude steel, and steel from January to December 2020 were 888 million tons, 1.053 million tons, and 1.325 million tons, respectively, showing a year-on-year increase of 4.3%, 5.2%, and 7.7%.
During the same period, China imported 20,233,000 tons of steel, experiencing a significant year-on-year increase of 64.4%, with an average price of $831.6 per ton. Conversely, China's steel exports totaled 536.71 million tons, indicating a decline of 16.5% compared to the previous year, with an average price of $847.2 per ton.
Data from the China Iron and Steel Association reveals that China's steel composite price index averaged at 105.6 points from January to December 2020, representing a year-on-year decrease of 2.2%. Steel prices were lower than the previous year until May, and then showed a steady increase. By the fourth quarter, the year-on-year growth reached its peak, resulting in the highest level of the year. At the end of December 2020, China's steel composite price index stood at 124.5 points, demonstrating a notable year-on-year increase of 17.4%.
Exploration of the Sealing Structure of the Steel Drum EnclosureJanuary 24, 2024Since the invention of the steel drum enclosure by the FCANGE company in the United States over half a century ago, it has been widely adopted worldwide due to its simple structure and easy installati...view
The PACKCON Shows The New Power Of The Whole PackageJuly 1, 2022In order to make resources more concentrated and gather outstanding enterprises and products in the industry chain, China Packaging and Containers Exhibition 2021 will launch six special exhibition ar...view
Functionality and Design of Barrel Ring ClampsFebruary 5, 2024When it comes to ensuring the stability and security of various objects, barrel ring clamps play an important role. These versatile clamps are designed to provide a tight and secure grip around cylind...viewUnlocking the Potential of Barrel Caps: A Comprehensive GuideFebruary 21, 2024Barrel caps, often underestimated yet profoundly essential, serve as indispensable components in various industries and applications. From safeguarding the contents of wine barrels to ensuring the int...view
ISDI: Safety Of Fusible Steel Barrel Plugs Is UnparalleledJuly 1, 2022On September this year, the Institution of Steel Drum Industry (ISDI) announced two new technologies to discuss the importance of using steel barrel fusible plugs.Kyle R. Stavig, chief executive offic...view
Performance Characteristics of Steel DrumsJuly 17, 2023Although the application of steel drums has only a history of more than 100 years, it has developed rapidly and has a wide variety of varieties, which are widely used in industrial product packaging, ...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
