The 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-producing countries in the world. On March 23 last year, the Trump administration proposed to impose a 25% steel tariff on all countries except Argentina, Australia, Brazil and South Korea.
In this regard, Suzan Jagger, president of Share Jagger Advisory LLC, said that the additional tariffs have increased the cost of lubricating oil steel drum packaging by about 5 cents per gallon. There is also news that some European customers are reducing the cost of other steel drums. Tax rate countries to find suitable suppliers.
In the packaging industry, in order to avoid rising costs caused by tariffs, the practice of changing suppliers is not new, especially when steel prices have historically fluctuated. Ed West, senior vice president of General Steel Drum Co., Ltd., said: "When the price of steel increases and the cost of steel drums increases, some customers will always be lost."
According to West estimates, "With the tariff increase, the domestic and foreign (steel drums) sales price has risen by 12 cents, reaching 15 cents per pound." He also pointed out that the tariff increase has also resulted in lubricant steel drums The price of steel parts in the packaging has increased, such as the steel ring at the mouth of the open barrel.
Short comment: While the price of oil drums is rising, the price of steel drum closures is also rising. The company's products mainly include drum closure, cap seal, lock ring, clamp, bolt, etc.
Steel Drum LinerOctober 27, 2023The steel drum liner is a specially designed bag used as an interior lining for steel drums. It offers a convenient and effective solution for storing and transporting various types of materials. This...view
Simulation Design Of Metal Packaging ContainerJuly 1, 2022CAM (Computer Aided Manufacturing), also known as computer-aided manufacturing technology, is the use of computer aids to complete the production process from product return, processing to assembly pr...viewDifferences between Plastic Drum Cap Seals and Common Drum Cap SealsFebruary 5, 2024If you work in a variety of industries, you are most likely familiar with drum cap seals. These small yet crucial components are used to ensure the security and integrity of drum contents during stora...viewUse of Steel Drum EnclosureJanuary 3, 2024After filling the steel drum, a closure device must be installed on the top of the drum to isolate the contents from the external environment, preventing leakage or reactions with the surroundings.For...view
Shanxi Steel Or Large Area Will Stop Production For Three Days, Supply Contraction Is ObviousJuly 1, 2022At present, Shanxi steel production is at the peak, inventory has been increased for six consecutive weeks, mainly due to the obvious off-season effect of the market, the terminal demand is in a weak ...view
Mauser Has The World's Largest Recycling System For Used Packaging Containers. How Does It Work?June 30, 2022Each year, Mauser's container recycling system collects tens of millions of used, empty IBCs, plastic and steel drums from companies around the world. Why do we do this? Because Mauser thinks it&#...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
