Recovering from the new covid-19 pandemic and pent-up demand has led to a surge in steel prices at a faster rate than raw materials, thus bringing huge profits to steelmakers.
In 2021, the gap between Fastmarkets' steel hot-rolled coil index, fob mill US and steel scrap No.1 busheling, index, delivered Midwest mill has widened significantly. As of mid-June, the average profit so far in the year was US $936.18 per ton; In 2020, the average gap was USD 354.32 per ton, and the profit margin in 2015 was only USD 257.39 per ton.
U.S. steel producers have been struggling to keep up with demand because section 232 tariffs and quotas implemented in 2018 make maritime suppliers uncompetitive. At the same time, the green agenda has become the focus of attention. It has created the demand for low carbon steel, which in turn has created the demand for ore metals and more and more waste. The combination of these factors enables local steel mills to determine prices, especially for flat steel used in manufacturing applications.
Short Comments: A surge in steel prices at a faster rate than raw materials, thus bringing huge profits to steelmakers while resulting in a steep price rise on steel products such as its packaging, steel drum closures.
The Content Of Cost Control And Cost Management Of Steel Drum Packaging EnterpriseJuly 1, 2022In the process of enterprise operation, enterprise cost management and control work is a long-term, systematic, complex work, throughout the whole development processCost control beforehand refers to ...view
Selection Principle Of Drum ClosureJuly 1, 2022(1) For goods with low requirements on sealing performance for contents with low requirements on sealing performance, such as grease, it is generally appropriate to select the lift pressure closed str...view
WasherJuly 11, 20231. The definition and types of washer Washer , also known as O-ring, is a circular section of the sealing element, the material is usually made of rubber, silicone rubber, fluorine rubber and other po...view
Zinc plugJune 5, 2023A zinc plug is a popular solution for preventing rust on steel drums. A steel drum is a standard in many industries for packaging and transportation of a wide variety of materials. However, steel is s...view
National Holiday NotificationJune 30, 2022According to the relevant regulations of the General Office of the State Council, combined with the actual situation of our company, after research and decision, the specific arrangements for our Nati...viewStorage of Empty Steel DrumsNovember 10, 2023Please always keep the steel drum indoors. Storing it outdoors may lead to rainwater getting inside the drum.Storing the steel drum in corrosive environments with high temperatures, high humidity, aci...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
