Trade tariffs impacting element markets

What a difference a week makes! Last week the U.S. Government announced an immediate tariff increase from 10% to 20% on products sourced from China for export to the USA.

A few weeks ago, we highlighted to you that element prices were trending upwards. The initial tariff announcement's impact on minor elements has now extended to the main elements used in manufacturing superalloys. Understandably, the commodity markets have reacted with uncertainty, causing prices to rise.

These tariffs affect the entire market by creating supply and cost uncertainties, leading to fluctuations. For countries imposing these tariffs, the impact is doubled: not only do market prices change, but the tariff adds an additional 20% to the cost of imported elements for any products shipped into the USA, as such this increase must be past to the products they will export from the USA.

Remember, your revert can help reduce the cost impact of the element markets and the tariff charges. It has value, it contains all the elements you require for your future alloy demands So, utilise, recycle, and reduce your superalloy costs by using your valuable internal revert.

By taking proactive steps now, you can navigate these challenges effectively and ensure a more stable and cost-effective future. Secure your forward alloy requirements from Ross & Catherall, with no impact from tariffs, as prices can be fixed for the next quarter or throughout 2025.

Please contact your account manager directly to discuss how you can utilise your revert effectively and secure your future orders at today’s rates to reduce the impact of the market volatility. If your other suppliers are impacted by the tariffs imposed by their respective governments, please ask for updates on your alloy requirements.