Supply side: According to MySteel research, the production of large varieties of steel on Friday was 10.5735 million tons, an increase of 60,000 tons from the previous week.
Demand: Apparent consumption of large varieties of steel on Friday was 12.2729 million tons, an increase of 133,000 tons month-on-week.
Inventory: total steel inventory of 26.2556 million tons this week, a decrease of 1.6994 million tons week on week. Among them, the inventory of steel mills was 7.417,200 tons, 832,900 tons less than that of the previous week; The social stock of steel was 18.83884 million tons, 866,500 tons less than the previous week.
In early April steel market supply and demand for the basic good, steel stocks accelerated decline, the market bullish atmosphere. However, after the rapid rise in steel prices, the recent terminal on-demand procurement, speculative demand reduction, short term steel prices or shocks weak operation.
How to Select a Great Closure System for My Steel Drum?April 2, 2022How much attention you put on steel drum closure system? It is the “last close” of drum factory and the “first open” of drum user, as well as the only connection of inner content and outter enviro...view
Drum Liners for Steel DrumsApril 27, 2023Drum liners are an essential component for many industrial applications that require the transportation or storage of liquid or powdered materials. When it comes to steel drums, drum liners are partic...view
First Quarter Performance Review Of PetroChinaJuly 1, 2022Intensify exploration and development and strive to increase efficiency and output.The company made great efforts to stabilize oil and increase gas, and produced 373 million barrels of oil and gas equ...view
Innovations and Advancements in Oil Drum Cap TechnologyJanuary 18, 2024In today's rapidly evolving industrial landscape, the need for enhanced efficiency, safety, and sustainability has become paramount. Among the various elements within industrial processes, oil dru...view