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Japanese Steel Mills Plan to Bring up Tinplate Export Price to Asia Countries

Japanese Steel Mills Plan to Bring up Tinplate Export Price to Asia Countries

According to Business Network, steel mills in Japan are planning to increase tinplate exporting price to Asia countries during the 1st season of 2014. It is expected that the price would be increased by USD50/MT. However, based on the present marketing level, a majority of Asia tinplate customers can only accept a price increment of USD30/MT at most. It is expected by the industry that tinplate export price will continue to rise due to the growth in demand for tinplate for the 2nd season of 2014. As a matter of fact, Japanese mills steel mill had successfully increased the exporting price by USD50/MT for tinplate in the Middle East during the last season of 2013.