SMM analysis projects iron ore prices to trend strong in September as steel mills complete maintenance and ramp up hot metal production, lifting ore demand. Rising coke prices are expected to add further cost support. Demand recovery is anticipated with the peak season, though overall upside may be capped by still-weak end-market conditions.
DCE iron ore futures closed higher with spot prices edging up across mainstream grades. Blast furnace operating rates dipped slightly week-on-week and daily hot metal output declined, but bottoming-out signals and improved market expectations lent support. Traders maintained steady shipments while steel mills held back on procurement, leaving spot trading sluggish.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Tin Plate | China | FOB | USD 905.40/MT | July 2026 |
| Tin Plate | India | FOB | USD 903.71/MT | July 2026 |
| Tin Plate | USA | FOB | USD 1,751.63/MT | July 2026 |
| Tin Plate | Germany | FOB | USD 1,307.22/MT | July 2026 |
| Tin Plate | Australia | CIF | USD 1,003.86/MT | July 2026 |
| Tin Plate | China | FOB | USD 918.74/MT | June 2026 |
| Tin Plate | India | FOB | USD 913.20/MT | June 2026 |
| Tin Plate | USA | FOB | USD 1,692.42/MT | June 2026 |
| Tin Plate | Germany | FOB | USD 1,307.22/MT | June 2026 |
| Tin Plate | Australia | CIF | USD 984.82/MT | June 2026 |
Stay updated with the latest Tin Plate prices, historical data, and tailored regional analysis
Asia
Tin Plate prices in China increased to ~RMB 6.13/kg and ~RMB 6.36/kg during the first two months of Q2’26, showing a ~3.6% increase. The market gained support from Baosteel’s upward revision of electrolytic tinplate and electrolytic chromium-coated steel prices for June. Lower refined tin availability and controlled production levels among producers supported firmer offers. Chinese steel substrate availability also remained constrained due to lower steel output, affecting raw material availability for tin plate manufacturing. Tata Steel’s Tinplate Division in Jamshedpur carried out annual maintenance on key production lines in April, temporarily reducing supply availability. Demand from food packaging remained supportive, supported by higher food manufacturing activity, while weaker beverage and solar-related demand limited broader market growth.
Europe
Tin Plate prices in Germany increased to ~EUR 1.13/kg in April and ~EUR 1.14/kg in the following month, showing a slight increase. European markets remained firm due to higher production and conversion costs, including coatings, printing materials, energy, freight and maintenance expenses. Producers adjusted selling prices to reflect cost pressure, while refined tin availability remained sufficient. Weak steel consumption and subdued manufacturing activity limited demand growth, particularly from industrial packaging and automotive-related applications. Construction-related demand also remained under pressure, although infrastructure and specialised construction activities provided some support. The market was mainly influenced by cost increases rather than supply shortages.
North America
Tin Plate prices in the United States increased to ~USD 1,660.00/MT in the first month of Q2’26 and ~USD 1,684.90/MT in the subsequent month, showing a ~1.5% increase. Prices remained supported by lower import availability earlier in the year and uncertainty around new trade investigations on tin mill products from China, Taiwan and Türkiye. Import flows improved during Q2, providing additional supply options for buyers and limiting stronger price increases. Food-can demand provided some stability, with metal-container volumes improving, while broader industrial demand remained cautious. Higher raw material and manufacturing costs continued to support supplier pricing.
Analyst Insight
According to Procurement Resource, tin plate prices are expected to remain firm due to continued supply constraints in refined tin products.
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Asia
In the Asian region, the tin plate price curve witnessed a slight upward movement in the first quarter of 2025. The prices were ~871.16 USD/MT (EXW) in January and ~896.54 USD/MT in March, increasing ~2.91% during the quarter. The increase was primarily driven by tight availability of tin ore due to disruptions in Myanmar and export restrictions from Indonesia, which constrained raw material supply. Additionally, strong demand from semiconductor and electronics applications, particularly driven by AI and high-performance computing, supported consumption of tin-based solder. However, the sharp rise in upstream tin prices reduced downstream purchasing appetite, leading to controlled gains rather than a steep increase.
Europe
In the European markets, the tin plate prices trend witnessed upward movements in Q1’26. The prices stood at about 1.13 EUR/KG (EXW) in January and around 1.19 EUR/KG in March, a rise of about 5.31%. The positive performance in prices can be largely credited to trade protectionism. This is evidenced by the UK's imposition of anti-dumping duty on Chinese tin mill imports in the range of 27.85% to 49.98%. The imported tin mill products were relatively cheaper compared to the domestic ones. Besides, scarcity in the availability of tin, an important input for semiconductor packaging, supported prices despite downstream demand remaining moderate.
North America
The prices were approximately 1923.19 USD/MT (FOB) in January and 1718.68 USD/MT in February in the US. Prices fell by about -10.63% from January to February. The fall in prices was mainly influenced by price weaknesses in the broader non-ferrous metals market. This was caused by the appreciating dollar situation and uncertainties in macroeconomic factors, which affected the non-ferrous metals negatively. Furthermore, the market sentiment in metals declined due to fears regarding the slow growth in the industry, while inventories and limited buying by downstream buyers worsened the situation.
Tin Plate is composed of sheets that are often coated with a thin layer of tin. Tin is a silvery metal, which is soft and has a faint yellow hue. Like most of the metals, pure tin gives a mirror-like appearance upon solidifying. Tin Plate is primarily used to manufacture tin cans.
Containers for food and beverages, paints, oils, tobacco,Toys, Baking equipment, Parts for electronic equipment such as radio and others
The Tinplate Company of India Limited (TCIL), JSW Steel Coated Products Ltd., ArcelorMittal, Ohio Coatings Company (OCC), Titan Steel Corporation, Sino East Steel Enterprise Co., Ltd., Nippon Steel Corporation
CurrencyUS$ (Data can also be provided in local currency)
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In this process, strip steel is cleaned in a pickling solution and then fed through tanks filled with electrolyte, where tin is deposited on both sides of strip steel, thus, resulting in the formation of Tin Plates. Tin Plate formed using this process is essentially a sandwich, where the central core is strip steel.
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This report provides the cost structure of tin can by two-piece or three-piece drawing process.
This report provides the cost structure of tinplate by strip mill process. In this process, the hot rolled steel sheets are pickled in acid to remove the iron oxide layer formed.
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