• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • About Craft Brewing Business

Craft Brewing Business

Professional Insight, Unfiltered

Craft Brewing Business Craft Brewing Business
  • News
  • Business & Marketing
  • Packaging & Distribution
  • Equipment & Systems
  • Ingredients & Supplies
  • Webinars & White Papers
  • News
  • Business & Marketing
  • Ingredients & Supplies
  • Packaging & Distribution
  • Equipment
  • Webinars & White Papers
  • COVID-19

Watch: Beer Institute says American beverage industry paid an additional $458 million on aluminum in 2019 because of tariffs and price spikes

January 29, 2020Keith Gribbins

To commemorate Beer Can Appreciation Day (that’s Jan. 24, like you didn’t know), the Beer Institute (a trade group that represents both small and large brewers) released an animated video called “Cracking the Case of Price Spikes,” highlighting transparency issues in the aluminum market and the cost tariffs are passing onto brewers. From the press release:

“America’s brewers purchase more than 36 billion aluminum cans every year, and aluminum is the most significant input cost for our nation’s beer industry,” said Jim McGreevy, president and CEO of Beer Institute. “Due to a combination of tariffs and an obscure aluminum pricing system known as the Midwest Premium, brewers who support more than 2.1 million well-paying jobs across the United States have seen their aluminum costs skyrocket. On Beer Can Appreciation Day, Beer Institute urges beer enthusiasts across the nation to call their elected leaders and urge them to vote for increased transparency in aluminum benchmarking and pricing that follows American market principles.”

Here are some the keys facts the Beer Institute shared:

  • Most aluminum beer producers use in the United States is either recycled aluminum or imported from Canada — neither of which should be subject to 10 percent aluminum tariffs implemented by the Administration in March 2018. However, the Midwest Premium more than doubled after implementation of tariffs and brewers are still being charged a full “tariff-paid” premium on all aluminum.
  • Between March 2018 and July 2019, the American beverage industry paid an additional $458 million on aluminum it purchased. However, the U.S. treasury only collected $73 million, or 16 percent of that amount.
  • Beer Can Appreciation Day marks the day in 1935 when the G. Krueger Brewing Co. first sold beer in cans to the public.
  • On January 22, 1959, the seamless all-aluminum can designed by William Coors made its debut with a 7-oz can of Coors Banquet.
  • Today, more than 57 percent of beer sold in the United States is in an aluminum container, and aluminum is the largest commodity costs for brewers.
Save the cans hardywood craft brewery recycle
Bill reintroduced to bring transparency to aluminum price reporting
Beer money cans
Tariff update: Aluminum can pricing goes up, Canada may have a can shortage
Save the cans hardywood craft brewery recycle
Tariffs on aluminum could impact beer prices, cause job losses says Beer Institute
cans with green tabs
The beer can celebrates 80 years

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Latest News

  • Anderson Valley Brewing promotes price stability amid Big Beer price hikes: ‘We actually like our customers’
  • Ohio how has 400 craft breweries! Here are some other Buckeye beer stats to know
  • IBA hits milestone – 1 million bbls of buying power – what’s next for the co-op?
  • Plastic can carrier recycling co-op debuts in Chicago

Sign up for our newsletter

unsubscribe from list

Most Popular Today

Recent Features

  • The-IBA-TeamIBA hits milestone – 1 million bbls of buying power – what’s next for the co-op?
    May 19, 2022
  • 2022 beer branding trends part 1: reinvention
    May 17, 2022
  • satisfaction surveysAre brewery employees happy? Depends on the department
    May 16, 2022
  • Male hand closes hatch of brewery tankUnfiltered: Do I need to clean tanks between transfers?
    May 11, 2022
  • Hard seltzers: Achieve high alcohol fermentations in a clean and neutral way with the proper nutrient aids
    May 9, 2022
  • Paxton Products uses air and ionization to rinse and dry beer bottles and cans
    May 9, 2022

Footer

  • Email Newsletter Sign Up
  • About Craft Brewing Business
  • Contact Us
  • Advertise on Craft Brewing Business
  • Media Kit Download
  • Privacy and Terms

© 2022 · CBB Media LLC

Posting....