December 2011 | Coated Steels
Market stalled in Europe: Global tinplate market highlights
Buyers cannot have been surprised that the tin mills do not want this; there is even some justice as well as self-interest in the reasons they give for retaining the shorter term: the recent volatility of raw materials and steel prices.
EU governments fail to agree a workable route out of the Eurozone crisis and EU tinplate mills and their customers seem to find it equally difficult to reach agreement on prices for the first half of 2012. Both buyers and sellers insist that they are working to settle before the end of the year, but December 31 could arrive with them following an established EU way of dealing with missed deadlines; they could, in effect, declare that 2011 will last an extra month, and that 2012 will begin on February 1 with a new half-year contract with a life of 5 months taking effect only from that date.
The producers have demanded a rise of €40-50 ($55-80) per unit. Their customers feel that this is excessive, considering that steel production costs have fallen and that the tin price has dropped far...
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