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We have provided professional products and solutions for metal packaging, automobile manufacturing, new energy vehicles, household appliances, wind power generation, railway construction and other fields...
ETP
Electrolytic Tin Plate (ETP/TP), with good corrosion resistance, strength and hardness, is good in forming and welding. The tin layer is non-toxic and tasteless, can prevent iron from being dissolved into the packaged object, and the surface is bright, and the printed picture can beautify the product.
TFS
Electrolytic Tin Free Steel (TFS), also known as Electrolytic Chromium Coated Steel (ECCS), is a type of steel that is coated with a thin layer of chromium and chromium oxide through an electrolytic process. This coating provides the steel with excellent corrosion resistance, a superior surface finish, and good paint adhesion properties
TMBP
Tin Mill Black Plate (TMBP/BP) is an uncoated, thin, and cold-rolled steel sheet that serves as a substrate for tinplate and tin-free steel production. It is made from low-carbon steel and is characterized by its smooth surface finish, uniform thickness, and good mechanical properties.
Lacquered & Printed Tinplate
Lacquered & Printed tinplate and Tin-Free Steel sheets are low carbon coated steel or printed with polymer coatings and inks respectively. Those materials are commonly used for metal cans and components, both for food (sanitary) and industrial applications.
Easy Open End
The Canned Food Easy Open End (EOE) made from tinplate is a key component in the packaging industry, particularly for food products. Tinplate, known for its excellent corrosion resistance and formability, ensures that the easy-open end provides a reliable seal to maintain the freshness and safety of the canned contents.
Bottom End
The Bottom End made from tinplate is a crucial component in the canning and packaging industry. Known for its durability, excellent corrosion resistance, and formability, tinplate is the preferred material for producing bottom ends that provide a secure and reliable seal for canned goods.
Peel Off End
The Peel Off End made from tinplate is a specialized lid designed for easy and convenient access to canned products. This type of end is typically composed of a tinplate ring with a thin, peelable aluminum or laminated foil layer that seals the container.
Twist-off Cap
The Twist-Off Cap made from tinplate is a widely used closure for jars and bottles, particularly in the food and beverage industry. This cap is designed to be easily screwed on and off by hand, providing a convenient and reliable seal.
Aerosol Cap
The Aerosol Cap made from tinplate is an essential component of aerosol cans, which are widely used for dispensing products in the form of sprays, foams, or mists. This cap is designed to fit securely over the can’s nozzle, providing protection and ensuring the safety of the product during storage and transport.
Working at HIGHSEN PACKAGING
Highsen Packaging specializes in tailored metal packaging solutions, designed to meet diverse client needs. We aim to be your trusted partner in the industry by offering high-quality products, excellent service, and long-term collaboration.
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Highsen Packaging specializes in tailored metal packaging solutions, designed to meet diverse client needs. We aim to be your trusted partner in the industry by offering high-quality products, excellent service, and long-term collaboration.
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Highsen Packaging specializes in tailored metal packaging solutions, designed to meet diverse client needs. We aim to be your trusted partner in the industry by offering high-quality products, excellent service, and long-term collaboration.
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We have provided professional products and solutions for metal packaging, automobile manufacturing, new energy vehicles, household appliances, wind power generation, railway construction and other fields...
Jun. 18, 2024
The Raw Steels Monthly Metals Index (MMI) moved sideways, with a modest 1.86% decline from April to May. U.S. flat rolled steel prices found a bottom at the close of March and proceeded to move sideways. HRC prices saw a modest increase, but ultimately closed the month at $838 per short ton. Meanwhile, HRC Midwest Futures saw a strong decline throughout April, which saw the delta between MetalMiner HRC prices and futures narrow to a mere $1 per short ton as of May 1. This is signals that markets expect the sideways steel price trend to continue near current levels.
Nucor, Cliffs Publish Weekly HRC Prices
Two major steelmakers recently announced new initiatives to publish HRC spot prices. Nucor led the market, publishing weekly prices on Monday, April 8. Cleveland-Cliffs followed Nucor, releasing a monthly "Cliffs Hot Rolled Market Price" on Friday, April 26. According to reports from World Steel Dynamics, Steel Dynamics (SDI) does not intend to follow moves by Nucor or Cliffs.
By Monday, May 6, Nucor's price stood at $XXX per short ton, while Cliffs stood at $850 per short ton. Meanwhile, HRC prices currently stand at $826 per short ton. Both Nucor and Cliffs cited increased "market transparency" as the rationale for the moves. Nucor stated its published pricing aimed to reduce market volatility and they did not intend it to replace other HRC indexes.
It remains safe to assume that Nucor and Cliffs do and will continue to operate in their own best interest. While both companies stated that their weekly published pricing would benefit customers, the mills likely hope to influence HRC indexes at the very least.
Nucor's first published price ($825 per short ton) stood at the bottom of the market. Opening at a lower cost was likely part of a plan to boost the credibility of its newly published steel prices. However, this could shift over time as establishing an inflated market floor would benefit domestic mills.
Increased control over domestic prices may indeed help reduce volatility, which has been apparent over recent years. However, it is worth noting that Nucor's decision came immediately following a nearly 26% quarterly decline in steel prices as mills lost control of the price trend. This suggests that mills appear primarily concerned with steel price volatility to the downside.
Other major domestic producers, particularly SDI and U.S. Steel, declined to publish their own prices. However, this will allow both to fall in line with Nucor and Cliffs without risking the legal implications of price fixing.
It remains unclear to what extent negotiations will impact the prices buyers pay. Historically, larger buyers have greater bargaining power. Nonetheless, the ability of mills to influence market conditions will continue to require them to manage the supply-demand balance through capacity discipline.
Mill Quarterly Reports Show Mixed Results
Q1 2024 saw mixed results among steel mills with steel prices. Overall, shipments from the four leading domestic producers trended up from the previous quarter. Both Nucor and SDI saw an increase in total shipments, which offset quarterly declines from both U.S. Steel and Cleveland-Cliffs.
Historically, Q1 typically sees an uptick in steel shipments, so the increase is unsurprising. However, shipments fell across all mills from Q1 2023. This suggests weaker conditions on an annual basis. Despite the nearly 3% decrease in shipments from Q1 2023 to Q1 2024, the average Q1 MetalMiner HRC price rose 8.62% year over year.
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