1.325 Billion Tons! In 2020, China's Steel Output Hit A New High!
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%.
The Evolution of TinplateDecember 15, 2023During World War I, the primary concern for wartime rations was their ability to withstand the losses incurred from prolonged transportation and storage. Glass containers, while transparent, could cau...view
How to improve the production efficiency of barrel making machinery?July 24, 2023With the increasing demand for domestic steel drum packaging, many barrel factories have higher and higher requirements for production efficiency in recent years. Some have purchased multiple barrel m...view
Benefits of Drum Locking Clamps for Secure Container HandlingJanuary 31, 2024Container handling is a crucial aspect of various industries, particularly those involved in the storage, transport, and disposal of hazardous materials. Among the many tools and accessories used in t...view
A Guide to barrel capsApril 29, 2024Barrel caps are a crucial component in the winemaking process, ensuring the preservation of wine quality and flavor. From traditional cork caps to innovative screw caps, choosing the right type of cap...view
Latest UN Marking Requirements For Open Steel DrumsJune 30, 20221. The UN mark of the open steel drum for the packaging of dangerous goods for export shall be printed on the side of the steel drum:2. "1A2"- Design Type: open steel drum3. "Y, X or Z&...view