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Metal Industry Update – May 2019

Metal Industry Update – May 2019

The reports are in for 2018.

The US imported $74.8 billion of iron and steel. The People’s Republic of China topped the list of 156 global trade partners, with 20% of these imports, followed by Canada (13.9%) and Mexico (10.1%).


Tariffs on China were raised from 10% to 25% as of midnight 5/9/2019 on $250 Billion worth of goods & products. Not only does this affect iron and steel prices, it also affects finished goods.


IFNM is experiencing an increase in cost of 36% for new steel purchases. We believe that this is not only due to the tariffs, but also speculators in that market.


At IFNM, we use re-claimed metal as much as possible, which is also good for the environment.
 
Read more:

“US Iron and Steel Imports by Supplier Countries”; APRIL 24, 2019 BY DANIEL WORKMAN (Worlds top exports)  http://www.worldstopexports.com/us-iron-and-steel-imports-by-supplier-countries/

“Trump Ends China Trade Truce as Both Sides Plan More Tariffs”; May 9, 2019, 10:01 PM MDT Updated on May 10, 2019, 5:09 AM MDT by Shawn Donnan, Jennifer Jacobs and Kevin Hamlin (Bloomberg Economics)
https://www.bloomberg.com/news/articles/2019-05-10/u-s-hikes-tariffs-as-china-talks-are-poised-for-a-second-day

 

Photo courtesy of Pexels

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2019 IFNM Event Schedule (May through October)

2019 IFNM Event Schedule (May through October)

Imagination Fabrication of New Mexico is excited to share our event schedule through October, 2019.
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Blacksmith’s Tools of the Trade: the Forge

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At the heart of the blacksmith’s tools is the forge which is used to heat metal for easier shaping.
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Metal Tariffs an Update for 2019

Metal Tariffs an Update for 2019

For IFNM, we have experienced a 25+ % increase in prices for metal,  which tends to fluctuate daily.  We share some information regarding the impacts of the tariffs dated January 14, 2019.
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Caring for Raw-Metal Finishes

Caring for Raw-Metal Finishes

Raw metal finishes are patina finishes that do not have a protective clear coat or powder coating. Learn how to maintain them here.
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Caring for Clear-Coat Finishes

Caring for Clear-Coat Finishes

Clear coat is a clear layer of paint typically applied to protect the colored layer of paint beneath it. It is durable, but does require maintenance to extend its useful life. Check out our Blog for more information.
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Caring for Power-Coat Finishes

Caring for Power-Coat Finishes

To keep your investment with the powder-coat finish looking fresh and clean, follow these steps...
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Metal Tariffs

Metal Tariffs

Steel and aluminum tariffs were omitted from the replacement for NAFTA. US is a top steel importer of steel most comes from Canada and in third is Mexico.
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Orientation to Metals

Orientation to Metals

Iron minerals are abundant in nature, and when melted, is stronger and more durable.
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Imagination Fabrication Holiday Schedule-2018

Imagination Fabrication Holiday Schedule-2018

Purchase quality hand-forged metal home furnishings, and jewelry for those on your holiday gift list.
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