Tinplate imports increased by 48.66% in the first quarter
In March 2021, China’s tin plate imports totaled 1,661 tons, a year-on-year increase of 7%. In the first quarter of 2021, China’s tin plate imports totaled 6,200 tons, a year-on-year increase of 48.66%.
In March 2021, China’s total chrome plate imports totaled 193 tons, a decline of 24% year-on-year. In the first quarter of 2021, China’s total chrome plate imports totaled 613 tons, which was basically the same as last year.
China’s tin-plated steel industry has basically realized the closed-loop of the entire industry chain, and the market demand is diversified. Tin-plated steel is classified according to quality classification and is used in a wide range of places. Excluding the relatively stable import volume of high-end tin plate, tin plate in the first quarter of 2021 has increased year-on-year. The reason can still be attributed to the high domestic steel price operation, the liberalization of import demand for some foreign sub-products, and the domestic and foreign price difference. Considerable profit margins have actively stimulated the growth of domestic tinplate imports.