India's Hot-rolled Sheet Exports Rose in March, With Exports To The European Union Surging
Indian hot rolled flat productsexports surged 89% on-year in March to 706,278 tonnes, according to
Indiancommerce ministry provisional data seen by Kallanish. They alsomore than doubled versus February.
Shipments to Italy and Belgiumsurged 284% and 458% on-year respectively to 221,144t and 91,158t, as
EUimporters attempted to catch the beginning of the second-quarter safeguardquota window in April. Exports to Spain also reached 30,869t versus zero a yearearlier.
Shipments to Vietnam surged 43% to176,349t but those to United Arab Emirates fell 29% to 62,034t.
The average price of the mostexported product – HR unpickled wide strip below 3mm thick under HS code 720839– was $697/tonne versus $465/t a year earlier and $626/t in February 2021.
In January-March overall Indian HRflats exports rose 14% on-year to 1.3 million tonnes, with Italy, Vietnam andUAE the top markets in that order.
Short comments: In order to stabilize the price of steel products in India's domestic market, this may lead to the increase of the price of the corresponding products. You may wish to inquire about drum closure with better quality in the Chinese market.
Packaging Market And Development Trends In North AmericaJuly 1, 2022North America is the world's second largest packaging market after China. As of 2017, the apparent packaging consumption in North America was approximately US$2030 billion. Although packaging in N...view
The Development Prospects Of Southeast Asian Packaging MarketJuly 1, 2022GlobalData's report "Malaysian Packaging Industry-Trends and Opportunities" shows that the industry is mainly driven by the growth of paper and cardboard packaging. It is expected to hav...view
What Is a Steel Drum Enclosure?November 10, 2023Drum closure is a device specifically designed to maintain the seal of a steel drum, which is widely used in various industrial sectors. Its main function is to ensure the safe storage and transportat...view
Maintenance and Repair of 200L Old Steel DrumMay 26, 20231. The open-air steel drum storage yard should not be located near railways and highways, but there should be dedicated roads; It is also not suitable to be located at the foot of a steep mountain. Th...view