NEW YORK U.S. tinplate mills have lost money on tin- and
chromium-coated sheet in 13 of the past 15 years, according to
an International Trade Commission (ITC) report.
The tinplate mills lost $92 for
each ton of tin mill products produced in 2011, for example,
the report said. The only years in which mills operated at a
profit were in 2003 and 2009, when they made $8 per ton and $73
per ton, respectively, on tin- and chromium-coated steel
While the value of
producers net sales grew during the period, raw materials
costs increased at a quicker pace and ate into those gains, the
ITC said in the staff report, which was compiled for a sunset
review on whether to maintain duties on U.S. imports of tin-
and chromium-coated sheet from Japan.
Since 2006, when the commission
last reviewed the decision, U.S. producers domestic
shipments have shrunk to 2.2 million tons from 2.7 million
tons, although the value of those shipments has risen to $2.2
billion from $2 billion.
The report was based on
responses from five producersArcelorMittal USA, Chicago;
Ohio Coatings Co., Yorkville, Ohio; RG Steel LLC, Sparrows
Point, Md.; U.S. Steel Corp., Pittsburgh; and USS Posco
Industries, Pittsburg, Calif.and 11 responding purchasers
of the material.
The ITC decided in May to
maintain the duties against Japanese imports (AMM, May