Steel market participants had varying reactions to US President-elect Donald Trump’s assertion on Monday September 25 that he will impose a 25% tariff of all products being imported from Canada and Mexico into the US, as well as levy a 10% additional tariff on all Chinese imports.

Read a snippet of our weekly lumber commentary, this week assessing the potential impact of Donald Trump's presidency on the market.

The news that President-elect Donald Trump is considering additional tariffs on goods from China as well as on all products from US trading partners Canada and Mexico has spurred alarm in the US aluminium market at a time that is usually known to be calm.

China auto exports to Mexico are rising steadily, with Chinese automakers expanding sales and manufacturing in the region. However, US tariff threats under Donald Trump’s presidency and growing opportunities in South America could reshape the export landscape.

Prices for imported flat-rolled steel into the US were largely stable on Wednesday November 20, with market participants reporting thin trading and long lead times deterring them from engaging in the foreign markets.

The publication of Fastmarkets’ MB-BMS-0014 Black mass, NCM/NCA, payable indicator, cobalt, domestic, exw USA, % payable Fastmarkets’ standard-grade cobalt price assessment and MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price assessment for Wednesday November 20 was delayed due to reporter error. Fastmarkets’ pricing database has been updated.

Navigating the steel market's new terrain: tariff impacts on global markets and US manufacturing

China’s electric vehicle (EV) and battery industry participants expect more uncertainty under a second Donald Trump presidency amid the president-elect’s intention to scale back the Inflation Reduction Act (IRA) and pursue expanded protectionist trade policies, sources told Fastmarkets on Thursday November 7

United States Antimony Corporation has been holding financing discussions with the United States Department of Defense (DoD) as it seeks to significantly expand the capacity of the country’s only antimony smelter, the company’s chairman and co-chief executive officer told Fastmarkets.

Watch this interview with Fastmarkets' in-house expert, Jennifer Coskren, director of wood products and timber, to learn more about the state of the US housing market and a look ahead to 2025.