Metal Cans
March 2024 Metal Cans News
The big metal can news over the past month was the announcement that Cleveland Cliffs would be closing its tinplate plant in West Virginia in the coming weeks. The temporary closure is in response to the Federal Trade Commission decision to overturn anti-dumping duties on tinplate from Canada, Germany and China. This follows US Steel's decision to close its tinplate mill in California at the end of last year. These mills each had nameplate capacity of 300,000 MTs each.
Spot tinplate moved upward by 2% in February on stronger steel coil inputs. Spot tinplate was stable in Europe in February but the average price for tinplate producers in China was softer by about 7% in February.
Aluminum Can Stock moved higher by about 1% in February but was only marginally higher in Europe for the month.
Can Stock in Asia was lower by more than 2% in Asia.
Novelis and Ball reached an agreement late last year to build a can stock facility based on 100% scrap aluminum in Alabama. This will be the first of its type.
Here is a sampling of information that other sources don't provide
Actual prices for annual contracts and spot tinplate rather than indices
Import Prices for major exporting nations
Projections for all major input costs updated quarterly
Tinplate value chain costs for Europe and North America
Extensive tracking of steel coil prices and accurate projections 12 months out
Import volumes by country
Example tinplate can cost breakdowns
Detailed cost improvement recommendations
Pricing for all geographies
Tinplate supply & demand
Metal can market data
Decorating costs
Here is a sampling of the content we provide
Metal can market data
Primary aluminum supply and demand history and projections
Accurate primary and scrap aluminum projections
Accurate Forecasts for can stock prices
Decorating Costs
Metal Can Cost Models
Pack Trax metal can cost models are cost effective
software that is designed for packaging procurement
professionals. The metal can software is simple to use and allows you to select a variety of can types for both tinplate and aluminum cans.
Each cost driver can be optimized using recommendations from our extensive User Guide.
This places packaging procurement professionals in a position to lead supplier cost improvement with can suppliers.