Prices of tinplate in Philippines increase cost of canned goods
Philippines Department of Trade and Industry (DTI) said today that rising
tinplate prices caused canned product producers in the country to increase prices of their products by 4-5% in recent times.
Recent market reports indicate that price of imported tinplates from the US increased from $6.48 per kg to $9.45 kg. The increase in the price of
tinplate led to an increase in the cost of tin
production in
Philippines.
DTI stated that provided that the government extends tariff protection of National Steel Corporation (NSC), apart from the prices of tinplates, prices of canned goods are likely to increase remarkably.