SMM7, 19 March: the US Department of Commerce approves Beverage Container Corp. The requirement to waive tariffs on aluminum plates for cans imported from China of about 35000 tons is mainly due to a shortage of domestic supply in the United States.
Coincidentally, the US Commerce Department had previously approved Tesla's application for a 10 per cent tariff exemption on imported aluminium, which would help Tesla save battery production costs.
As early as March this year, a number of enterprises in the US food industry have asked the government to waive some of the tariffs on aluminum used for packaging, and the manufacturers of US cans are in dire straits.
American aluminum cans are increasingly dependent on imported aluminum, mainly because local strip factories in the United States prefer to produce high value-added automotive plates. According to the Wall Street Journal, the processing fee for body panels in the United States is about $1 / pound ($2200 / ton), while the processing fee for aluminum cans is about 35 cents / pound ($771 / ton).), Novelis and Arconic have increased the production of auto panels.
So the shortage of cans is mainly imported, according to the National Bureau of Statistics, the United States imported cans increased by 200% between 2013 and 2018, and 70% of the imported cans in 2018 came from China.
Helplessly, can manufacturers sit on the floor to start prices and reduce production to deal with tariff barriers, directly leading to higher costs for downstream beverage factories, which are passed on to brands, and it is local consumers who are ultimately responsible for the increase in the price of canned drinks.
Spot water supply of aluminum ingots in the Midwest of the United States has remained high since tariffs were imposed last year.
Source: SMM
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