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What is the direct impact of the US tariffs on nickel and stainless steel?

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What is the direct impact of the US tariffs on nickel and stainless steel?

May 24, 2019

 

From May 10, U.S. tariffs on $200 billion of goods to China were raised to 25% from 10%. At present, the sino-us trade negotiations will continue, whether there will be any change in the “drama” remains to be seen. If the implementation of tariffs will be imposed on nickel, stainless steel how much direct impact?

According to SMM analysis, there is no export of nickel ore, electrolytic nickel and nickel pig iron in China. In terms of stainless steel, about three-quarters of the export products are stainless steel coil, and the export volume to the United States in 2018 only accounts for less than 1% of the total, so the direct impact of the tariff increase on the export of stainless steel is not great. However, nickel batteries are worth noting. According to customs data, 6.695 million nickel-cadmium batteries will be exported to the United States in 2018, accounting for 11% of the total. If the tariff is implemented as scheduled, this part of export volume may be affected.

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