In a note to suppliers sent on Monday April 26, MSC said that the pandemic had 'severely affected' its smelting capacity and that it would have to take measures given the impact on its operations, without detailing how much production would be lost.
Three suppliers to the company independently verified the notification to Fastmarkets on April 28.
'We are no longer able to handle our usual feed materials until we have re-established pre-pandemic smelting capacity. This is expected to take about nine months, which will involve the rebricking of almost half of our furnaces,' it said.
The notification of prolonged production problems at MSC comes at a time when the tin market has been struggling with a chronic lack of near-term supply, with shortages from Indonesia and Myanmar causing metal prices and...