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Poor Vegetable Crop Dents Demand for Tin Cans

Poor Vegetable Crop Dents Demand for Tin Cans

News is brought to you by Mr. Shailesh Karia

Published on 9th September, 2019

U.S. steelmakers, already stung from tariff-related business moves that have backfired, are facing an unexpected new woe: a bad vegetable harvest.

United States Steel Corp. and ArcelorMittal SA ramped up production and improved the quality of the tin-coated steel sheet they make for food cans, expecting domestic demand to increase after foreign metal became more expensive following the 25% duty the U.S. applied to those imports. But imports of steel for cans have hardly dropped since the tariff was implemented in March 2018....

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