December 04, 2008

Japan plans to raise tinplate prices by USD 30 per tonne

YIEH reported that Japan’s steel mill is going to negotiate with its Asia users about the tinplate price for the first quarter in 2008.

It added that due to the strong demand from China, Philippines, Malaysia and other Asia countries, Japan plans to raise its tinplate price by about USD 20 to USD 30 per tonnes to cover is raising cost.

In Asia, China still have very strong demand in tinplates. Baosteel's new tinplate production line is going to start its production soon, but the total tinplate output are still not able to match the demand from China domestic in next first quarter. Therefore, there is still in a shortage situation for tinplate.