April 28: Leading tinplate manufacturer ArcelorMittal Europe will be increasing its prices for European canmaking customers next year by “at least” 30 percent and restructuring its business in the face of rising raw material costs and overcapacity in Europe.
The move, revealed exclusively to The Canmaker during the Metpack trade show in Germany by chief executive Gil Perrot and head of sales Guillaume de Formanoir, came just days after Corus Packaging Plus said it would be closing one of its three mills in Europe, cutting capacity at another and raising its prices by 30 percent.
First steps to raising prices at ArcelorMittal will take place this summer, said de Formanoir. “Our intention is to start talking with our customers to apply a first raise of 150 euros per tonne from July 2008,” he said.
