BlueScope to leave export tinplate market
According to the statement released by Australian firm BlueScope Steel, the company is planning to withdraw from the export
tinplate market as of mid-2005.
The company officials stated that despite the improvements in
tinplate market, export
tinplate is not profitable for BlueScope.
As the company withdraws from export
tinplate market, 250'000 tons of hot rolled coils will be available for other markets.
Meanwhile, the company is planning to increase the
production capacity of Hot Strip Mill by 400'000 tons.