19-08-2023, 09:45 AM
By David Lawder
August 18, 20231:09 AM GMT+8Updated a day ago
WASHINGTON, Aug 17 (Reuters) - The U.S. Commerce Department on Thursday said it will impose preliminary anti-dumping duties on tin-plated steel imports from Canada, Germany and China
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The Can Manufacturers Institute, a trade group, argued prior to the decision that because U.S. steelmakers currently produce less than half of the tinplate needed for domestic can manufacturing, any new import duties will lead to higher material costs and food prices at a time when inflation remains elevated.
A bipartisan letter from members of Congress in June also argued that high anti-dumping duties would raise costs for canned packaging for food and aerosol products and could help Chinese producers of canned goods, leading to increased canned food imports from China.
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"U.S. tin plate prices already remain the highest in the world due to the 232 tariffs, placing domestic can makers at a competitive disadvantage to foreign imports of unfilled steel cans and foreign filled food products," Budway said, referring to the "Section 232" tariffs on global steel and aluminum imports first imposed by the Trump administration.
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U.S. tin mill steel imports ...... China accounts for about 14% and Canada and Germany account for about 30%
https://www.reuters.com/markets/commodit...023-08-17/
August 18, 20231:09 AM GMT+8Updated a day ago
WASHINGTON, Aug 17 (Reuters) - The U.S. Commerce Department on Thursday said it will impose preliminary anti-dumping duties on tin-plated steel imports from Canada, Germany and China
......
The Can Manufacturers Institute, a trade group, argued prior to the decision that because U.S. steelmakers currently produce less than half of the tinplate needed for domestic can manufacturing, any new import duties will lead to higher material costs and food prices at a time when inflation remains elevated.
A bipartisan letter from members of Congress in June also argued that high anti-dumping duties would raise costs for canned packaging for food and aerosol products and could help Chinese producers of canned goods, leading to increased canned food imports from China.
......
"U.S. tin plate prices already remain the highest in the world due to the 232 tariffs, placing domestic can makers at a competitive disadvantage to foreign imports of unfilled steel cans and foreign filled food products," Budway said, referring to the "Section 232" tariffs on global steel and aluminum imports first imposed by the Trump administration.
......
U.S. tin mill steel imports ...... China accounts for about 14% and Canada and Germany account for about 30%
https://www.reuters.com/markets/commodit...023-08-17/
