Canned-Food Gets Squeezed by Rising Steel Tariffs

Cans used for food require tin-coated, ultrathin sheet steel made from molten iron. Not much is produced in the U.S., where domestic producers have been scaling back production for years. It is estimated that about three-quarters of tin-plate consumed in the U.S. is foreign-made, with much of it coming from Europe and Canada. The 25% steel tariff imposed in March has raised the cost of producing filled cans by about 7% to 8%. Read more here.