Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

January 2017 | Galvanized Steel and Tinplate Market Tracker


Prices rise, but not as fast as producers hoped: Global tinplate market highlights


The gains already achieved in China set the tone, but US producers had the grandest ambitions, with the aim of matching the rise of 67% in substrate prices over twelve months from December 2015.

The steep rise in raw materials prices passing through into steel prices had all tinplate producers around the world looking for big increases in contract prices for 2017. After marathon negotiations to overcome customer resistance they achieved substantial increases, but not the sharp rises they had demanded when talks began.

The gains already achieved in China set the tone, but US producers had the grandest ambitions, with the aim of matching the rise of 67% in substrate prices over twelve months from December 2015. This seemed to give them a strong case for big increases, but unfortunately for US domestic producers, customers have been increasingly inclined to buy foreign supplies.

This may be because US tinplate mills have lost their competitive edge, but they also seem to be withdrawing from the market. Their output has declined steadily, year on year, at an annual average rate of 7.25% since 2011, so...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?