Select Page

Metal Suppliers News

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 trade war happens when countries try to damage each other’s trade via tariffs, taxes and restricted quotas. And like all wars, they benefit nobody. When the affected countries impose their own fees on imports, and the others retaliate, things spiral, prices are forced up and the man in the street suffers just as much as business. 

The China-US argument rumbles on. Trump imposed aluminum and steel tariffs in March to protect American industry. Then he imposed a 25% tariff on $50 – $60 billion of Chinese exports to the US including aerospace, information technology, and machinery. China bit back, applying  fees to a wide range of US exports including scrap aluminum. Trump threatened tariffs on well over a thousand Chinese products and as if by magic, China retaliated with tariffs on Boeing planes. Both parties seem reluctant to give up, so the war continues. 

How will British steel and aluminium prices react to Trump’s tariffs? 

If you’re concerned about how all this might affect steel and aluminium prices in Britain, you’re not alone.  Trump’s tariffs on steel and aluminium imports in Europe and North America have been described as both disappointing and absurd by Britain’s Trade Secretary Liam Fox. He was outraged by the 25% tax on steel and a 10% tax on aluminium from the EU, Mexico and Canada. UK Steel itself concurred, saying that tariffs will damage the US economy just as badly as it will our home-grown steel sector. And the EU is planning to add fuel to the fire, joining China with potential tariffs of its own. 

A resolution is particularly important because the UK steel industry, which has already suffered in recent years, sends 7% of steel exports go to the US in deals worth a total of £360 Million. In the meantime President Trump stands by his tariffs on grounds of national security, insisting that the world’s over-supply of steel and aluminium, which he feels is China’s responsibility, threatens his own nation’s producers.

As far as metals go, the existing tariffs apply to a wide range of steel and aluminium products including the metals in sheet form, as plate, bar, pipe and semi-finished. It will make steel and aluminium exported from Britain to the US more expensive for Americans to buy, which will lead to a reduction in demand. And that’s when jobs on both sides of the Atlantic start to go. 

Steel and aluminium prices are unlikely to increase because of the tariffs and trade war, which Trump denies but is clearly happening. Low demand usually means prices drop. It’s not bad news for metal buyers per se, but it’s bad news for the steel and aluminium industries, the metal supplies sector and the overall economy. Hang on to your hats…

Whatever happens Metalex will be here to provide you with the very best value metal processed and delivered to you exact requirements.

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