Trump began to randomly diverted with duties by the method of indistinct carpet bombing and there is every reason to believe that this is done unsystematic and rash, but what does the US industrial metals market look like? They will earn, but still).
the share of imports in demand is 45%(!), The value of imports in 2024 was at 17.4 billion or over 800 thousand tons per year, the largest suppliers in the USA: Chile-65%, Canada-17%, Mexico-9%, Peru-6%. concentrates (the USA export more than importing more than imports), but the processing capacities are not enough.
The main consumers of copper: construction (46%), electrical engineering and electronics (23%), transport (12%), industrial equipment (9%), consumer goods (10%).
of the current copper reserves for 1-1.5 months in partial conditions of partial conditions Stop or supply failure. There is a high risk of rupture of supply chains.
the United States receive a double shock: a sharp increase in exchange prices Customs duties. The costs take over the construction sector, industry and electric power industry (mainly green), which with a lag of 3-12 months will be transferred to consumers.
duties on copper-this is the most stupid thing that was from Trump, not counting the embargo to China, because The dependence on imports is extremely high, critically low reserves, the processing capacities simply are not.
duties on steel are 50% since June 4 (before that 25% since 2018, with the exception of Canada, Mexico, Brazil and South Korea). The volume of the domestic market is estimated at 120 billion, the volume of imports is 33 billion, the share of imports in demand is about 13-14% in natural terms and about 20% in value.
reserves may be enough for about six months, subject to imports. The largest suppliers: Canada - 23%, Mexico - 16%, Brazil - 13%and Korea - 9%.
The construction amounted to about 28%of net supplies in market classification, it is followed by service centers and distributors of steel (23%), automobile industry (15%), steel for further processing and processing (9%), as well as household vehicles, household appliances, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles, vehicles mechanical engineering and oil and gas industry (3% each); All other areas of application accounted for 16% of net supplies.
risk factor-concentration on NAFTA partner: Canada and Mexico give almost 40% import, the interior will immediately squeeze the offer.
duties on aluminum are 50% from June 4 (before 10% C 2018), the cost volume of imports is about 28.3.3.3.3.3.3.3.3.3.3.3.3.3.3.3.3.3.3.3.3.3 billion in 2024 or 4.8 million tons (dash rental), the share of imports in demand is almost 47%, and commercial and industrial reserves will be enough for about six months.
the largest suppliers: Canada
