Yieh Corp Steel Market News: The price negotiation of tinplate in Europe for the first half of next year has still not concluded and the European tinplate mills planned to increase the prices by €40~€50/ton from February next year.
It’s said that if the European mills lift the prices successfully, Japanese mills will probably hike the export price to South and Central America as well.
The buyers asked the contract term to be one year from half of a year, while the European mills insisted on the contract term of one year because of the unstable raw material price.
From this autumn, some European tinplate mills stopped the production line to cut the supply amount, which caused many users to import large quantity cheap resource from China since they thought European mills would probably lift the price.
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