Select Page

Metal Suppliers News

Will Trump’s Trade War Affect UK Metals Prices?

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 us to discover how we could be supplying you with premium metal products and professional metal processing services.

The latest from the blog.

Metal Suppliers News – Life on Earth, 3D Steel Printing and more

Every living being on earth might have nickel sulphide to thank for its existence – including us. The US Army will soon be 3D printing super-tough steel components and weaponry. Copper is proving its worth as a powerful disinfectant. Rio Tinto and New Zealand are...

UK industry steps up to supply aluminium for medical products

Metalex Products is currently working overtime at its sites in Poole, Horsham, Birmingham, Chepstow and Milton Keynes to process orders for aluminium plate and bar billets being used in the rapid production of medical equipment.Metalex Products working overtime. As...

Metalex Aluminium Suppliers – Focus Aluminium – Predictions for 2020

Metalex products – Focus aluminium – Predictions for 2020 We all operate in a global economy these days. No company, person or country is an island, Metalex included, and global issues are having an impact in all sorts of ways, some expected and others unexpected....

Weird metals – Meet lasered lead, Gallium, Cuprates, Kagome and more.

Weird metals – Meet lasered lead, Gallium, Cuprates, Kagome and more Metals can be weird. Very weird. This time around, to welcome you to 2020, we thought we'd take a look at some of the oddest, most extraordinary metals around. Here's to an exceptional, profitable,...

Metal Supplies UK news: Trump, tariffs, ‘green’ aluminium and more

Our world is a place of dramatic highs and lows right now. As aluminium suppliers we're pleased to see the industry cleaning up its act so quickly in the face of runaway climate change. As carbon steel suppliers we're watching what's happening to the British Steel...

Focus Aluminium – How great eco-credentials are driving a bright future

Focus Aluminium – How great eco-credentials are driving a bright future for Aluminium. As aluminium stockists we're always on the look-out for news about the metals we sell. This time around we've created an aluminium special, since the metal has such good 'green'...

Brilliant Aluminium batteries, Steel slumps, nickel shortages and more

As providers of aluminium supplies it's fascinating to see exciting new developments happening in the sector. Steel is also on the move, with innovations taking place left, right and centre despite the current slump in demand. Here's the news, from our world to yours....

British Steel deal, ongoing Trade Wars, copper prices suggest a recession

British Steel deal, ongoing Trade Wars, copper prices suggest a recession.. As stainless steel suppliers in the UK, we're keeping our finger on the British Steel pulse. Ongoing trade wars are putting aluminium prices under severe pressure. And the trend is supported...

Advanced aluminium alloys, recycling triumphs, brass credit cards and more

Advanced aluminium alloys, recycling triumphs, brass credit cards and more. Here is the news for everyone involved in the wonderful world of metal supply.. Our world is never, ever boring. Metals are used in a bewildering variety of manufacturing processes and...

British Steel in administration, aluminium ion clocks and more

British Steel in administration, aluminium ion clocks and more ...As steel suppliers in the UK we're saddened to see British Steel in administration. As metal stockists we're intrigued to see North America, Australia and Canada about to collaborate to tackle the...

Accreditations & Associations

Aluminium Stockholders Association

Quick Enquiry

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