Consider the 55 gal drum. A simplified model is to take a cross-section slice in the middle, which looks like a steel ring.
Consider the magnatic conductance of that ring, along the barrel axis. The steel conducts Es better than the air inside, where Es is the net permeability of that steel at some frequency, low thousands ballpark. Compute the ratio Es*As over Eo*Aa where As is the steel area, Eo is the permeability of air, and Aa is the area of the interior of the circle. It's just like putting resistors in parallel.
As is small compared to Aa, so the steel doesn't conduct much of the field.
That's a rough approximation. Real life seems to be worse... skin depth maybe.