Domestic tinplate prices in Turkey have been stable for a couple of weeks now, although demand has improved due to seasonal factors. However, producers are counting on some opportunities to increase their offers, taking into account higher input costs.
According to sources, 0.3 mm TS275 2.8g/2.8m2 tinplate is currently available at $1,150-1,200/mt ex-works depending on the supplier and the lead time. One mill is said to be in the market for April-May deliveries, while another one is selling for the end of May. Deals, however, have been reported at $1,170-1,185/mt ex-works.
There is an expectation in the market for tinplate prices to firm up soon, taking into account the uptrend seen in the tin market, as well as in Turkey’s scrap and hot rolled coil segments. In addition, the spring months are considered to be a busy season for tinplate sales in Turkey, which is also foreseen to support mills’ positions, SteelOrbis understands.