Email Us

Steel Market Forecast

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.

Popular Drum Barrel Fittings

Related Drum Accessories and Fittings News & Blog

  • The Evolution of TinplateThe 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
  • SWIFT Code Or IBAN?SWIFT Code Or IBAN?June 30, 2022Doing international trades may come down to bank transfer, which may need your bank SWIFT Code or IBAN. The two numbers are chosen among different regions across the world. The answer is as below:IBAN...view
  • Environmental Progress of Steel Drum ClosuresEnvironmental Progress of Steel Drum ClosuresJune 10, 2023Electroplating, painting and other processes in the production process of steel drums are major causes of water pollution and air pollution. Therefore, in the cause of environmental protection, our st...view
  • Performance Test Of Transport PackagePerformance Test Of Transport PackageJuly 1, 2022Preparation before the test of the transport package1. Circulation environment analysisa. DefinitionCirculation: After a product is packaged, it forms a package. It is the entire process from leaving ...view
  • Performance and Function of Sealing Materials for Steel Drum Cap SealsPerformance and Function of Sealing Materials for Steel Drum Cap SealsMarch 13, 2023With the development of the country's export-oriented economy, the volume of commodity exports is constantly increasing, and various steel drum cap seal manufacturers attach great importance to im...view
  • The Increase in Steel Tariffs Has Caused The Price Of Lubricating Oil Steel Drums To RiseThe Increase in Steel Tariffs Has Caused The Price Of Lubricating Oil Steel Drums To RiseJuly 1, 2022The increase in tariffs on lubricants and lubricant additives is the result of the Sino-US trade war, but steel tariffs are a protectionist measure proposed by the United States against most steel-pro...view
No.58 Qinjian Road, Hengshan Industrial Park, Shouchang Town, Jiande City, Zhejiang Province, China