Eregli hikes tinplate price in local market as duties go up
Turkish integrated flat products producer
Erdemir (Eregli) announced that it has raised
tinplate sales prices in local market to be effective from December 30th, 2002.
Accordingly
tinplate in sheet sales price is raised from $550/mt base + VAT to $570/mt base + VAT, where as
tinplate in coils are now sold at $540/mt base + VAT instead of previous $530/mt base + VAT. All prices are on FOT/FOB Eregli basis.
As new year started, the market was surprised by the news that the government has incrased import duty of
tinplate upto 14%. This meant
tinplate import duty has been raised twice in only two years by the Turkish government in an effort to protect the market and local industry.