Select Page

Metal Suppliers News - March 2018

This week sees a flurry of metal supply related chaos emanating from the USA, as US President Donald Trump has the world’s metal manufacturers and suppliers in a tizz thanks to his plans to impose a 10% tariff on aluminium imports and a 25% tariff on steel imports. 

As a popular, respected UK metal supplier, we like to keep our eyes open for important news that might affect us and our customers. This week sees a flurry of metal supply related chaos emanating from the USA, as US President Donald Trump has the world’s metal manufacturers and suppliers in a tizz thanks to his plans to impose a 10% tariff on aluminium imports and a 25% tariff on steel imports. 

The final decision is due by 11th April 2018, at which point he’s set to slap heavy tariffs on imports of both metals, an act that’s likely to usher in South East Asia as the next new market for global exporters. And that could set in motion a glut that drives the metals’ prices plummeting, with some producers predicted to close their doors for good. But that’s just the tip of a massive iceberg of confusion affecting the US metals markets right now.  

A move that could cost Ford and GM $1 billion each

Trump’s actions are widely expected to let more steel from China find its way into developing countries, in fierce competition with producers from Russia, Ukraine and Turkey. Ford Motors makes the F150 pick up truck, whose body is 100% aluminium. If it goes ahead the tariffs are predicted to cost Ford and General Motors $1 billion a year each, and the White House economic adviser Gary Cohn, a Wall Street banker who opposed them, has just resigned over the matter. Worse still, Trump’s plans have worried some Republicans to such an extent they’re thinking about taking legal action to reduce his level of control over his country’s trade policies. 

A move that won’t actually protect American metal sector jobs 

India’s Tata Steel is worried, asking for “appropriate measures against a negative influence on the European market” and confirming their support for “fair, free trade.” At the same time Bank of America Merrill Lynch has given US steel shares a lower ‘neutral’ rating, citing a potential global trade war, and oil industry experts are warning the president that steel tariffs won’t help achieve so-called ‘American energy dominance’. 

The house construction sector has added its voice to the fray, saying steel and aluminium tariffs will increase the cost of building new homes. It’s likely the tariffs will also push up the price of soda and beer, both of which come in aluminium cans. And while Trump says the move will protect American jobs, most experts disagree. 

The US will still need to import aluminium 

January to October 2017 saw the USA import not far short of 6 million tonnes of aluminium, 18% more than the same period in 2016. In contrast they produced just 840,000 tonnes of aluminium at home during 2016. Whatever happens, the USA will still need to import at least some aluminium.   

US producers only have around 600,000 tonnes’ worth of re-startable closed capacity and can’t build any more, simply because they don’t have access to cheap enough power. This matters when an impressive 30-40% of the cost of smelting aluminium is spent on electricity. Chinese producers, on the other hand, have access to plenty of cheap, easily accessible energy, so are set to enjoy a long term advantage. 

Consumers will have to pay more

Ultimately Trump’s plans will mean consumers will have to pay more for a wide variety of goods, which will in turn damage home-grown manufacturing. Will Trump go ahead with his metal import taxes? Let’s hope he sees sense before 11th April. 

On the other hand whatever happens over there, we will keep on supplying the best value, best quality metals to our customers over here.  Whether it’s aluminium extrusion suppliers or aluminium sheet suppliers you need, steel supply or something else altogether, unlike Trump we are neither orange nor crazy, and we’ll treat you right! 

Please complete the enquiry form located on this page, call +44 (0) 330 223 2653 or email sales@metalex.co.uk to find out how we could be supplying you with premium metal products and professional metal processing services.

The latest from the blog.

The latest news from your favourite UK metal stockists.

China unexpectedly restricts the import of scrap metals, Trump imposing new duties on Chinese aluminium and the tribe in Africa that created the world's first carbon steel! Here's the news from Metalex. China unexpectedly restricts the import of scrap metals. Trump...

Metal Supplies News

Trump’s legacy of tariffs and exclusions rumbles on. A stainless steel 3D printed bridge takes shape in Amsterdam. And a couple of brass thieves are caught stealing from a cemetery. Here is the news.   Amsterdam's innovative 3d printed bridge Amsterdam is now the...

Metal Suppliers News – Super-strong alloys, US metals quotas, weird metallic plants

Trump’s administration relaxing the steel and aluminium quotas, weird plants seem to have an affinity for heavy metals and the world’s most wear-resistant material. Here’s the news from the wonderful world of metal supply. Trump's administration is relaxing the steel...

Trumps crazy metal tariffs, Fiat Chrysler innovate with aluminium and other news from our world.

Trumps crazy metal tariffs, Fiat Chrysler innovate with aluminium and other news from our world. We've got the tiger by the tail – Fiat Chrysler on their cool new aluminium alloy Fiat Chrysler Automobiles have developed a brand new aluminium alloy for engines, and it...

Will Trump’s Trade War Affect UK Metals Prices?

Will Trump’s Trade War Affect UK Metals Prices? At Metalex we stock stainless steel, aluminium sheet, carbon steel and more, so it matters what's going on out there in the wider world.  Are we heading for a Trump-ignited metals trade war? Or are we already there?  A...

News From the Wonderful World of Metal Supply

Nothing stands still for long in our world. Metal prices, exciting discoveries, new methods of extracting and manufacturing… it’s all go. And May 2018 is no different. Here are three amazing tales from your favourite British metal suppliers.   Introducing...

The news from Metalex, popular stainless steel suppliers in the UK .

The news from Metalex, popular Stainless Steel suppliers in the UK . As steel suppliers, UK based and highly experienced, we like to keep a finger on our industry's pulse. As highly experienced metal stockists we like to monitor demand, supply, pricing and everything...

Trump’s Metal Supply Machinations – Creating Chaos in Our Sector

This week sees a flurry of metal supply related chaos emanating from the USA, as US President Donald Trump has the world’s metal manufacturers and suppliers in a tizz thanks to his plans to impose a 10% tariff on aluminium imports and a 25% tariff on steel imports. ...

Metal Market News From Your favourite Metal Stockholder

2018 looks like another exciting year for our sector, full of dramatic fluctuations, new discoveries and fresh ways to harness metals for the good of humankind. Welcome to the rollercoaster ride. Here’s the latest. New welding tech essential for the US' ageing nuclear...

Metal Supply News January 2018 – Focus on Copper and Carbon Steel

Metal supplies UK is the name of the game here at Metalex, and it’s our job to keep our finger on the pulse as regards new developments in the metal supply sector. Here’s the news for January 2018. It's all go for copper - Set to fly high in 2018 In late December 2017...

Metal Products

Accreditations & Associations

Quick Enquiry

  • South East
  • South West
  • London
  • South Wales
  • North Wales
  • West Midlands
  • East Midlands
  • North East
  • North West
  • Scotland
  • Northern Ireland

Call us now

on 0330 223 2653

Share This