Economics
Metal Markets Are Preparing for a New World Disorder
- Tariffs cheered by U.S. steelmakers, shunned by manufacturers
- Spread of anti-dumping actions may push up prices globally
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Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy. As countries respond to U.S. tariffs and sanctions, the disarray is set to increase.
Steel prices and aluminum premiums are shooting up in the U.S. thanks to tariffs, threatening to wreak havoc on manufacturers. Everywhere else metal prices are on a roller-coaster ride, with copper and zinc retreating on fears of slowing demand. If equity investors have stayed sanguine so far, metal investors are voting with their feet.