Do the new steel and aluminium tariffs apply to scrap metals?.

The recent imposition of tariffs on steel and aluminum imports by the United States has sparked significant discussions about their impact on global trade. While these tariffs primarily target finished products, they exclude scrap metals, presenting a unique opportunity for the European recycling industry.

Do they definitely exclude scrap metals?

Yes, the steel and aluminium tariffs imposed today are an extension of the existing charges placed on steel being imported from Canada, Mexico and China. Adam Shaffer, the Recycling Materials Association (ReMA) Assistant Vice President confirmed in Febuary that “scrap had been excluded since the tariffs began in 2017-2018 and remains unaffected.”. This provides an opportunity to support the US metals market with what analysts expect to be an increase in feedstock requirement, given the improved local demand.

Is the US a viable export option for scrap metals?

Yes, we have seen increased demand over the past 12 months for steel and aluminium feedstock across North America, not just the USA. The new steel and aluminium tariffs create a greater reason to look west for options as the price of finished goods increases on both import and domestic materials.

Doesn’t this harm the European Circuler Economy?

Unfortunately, with demand for imported finished steel and aluminium falling in the US due to the higher costs incurred, the knock-on impact could well be a reduction in EU metal production. However, for waste producers, this potentially makes the US market more attractive for scrap steel and aluminium sales if local demand is set to increase.

How can we export steel and aluminium into the USA?

Working with a commodity broker like Clearpoint Recycling, exporting steel and aluminium into the US, or anywhere around the world is easy. Our philosophy is “Source Local – Sell Global” meaning that material generated in one region doesn’t always have to stay there to maximise the chance and value of recycling. The steel and aluminium tariffs put in place today just highlight how the global economy can influence the mission of sustainability.

To speak to us about how we can help find routes to market for your steel and aluminium click here