Steel vs aluminium: Evaluating who’s more affected by US tariffs in 2025
The discussion considering the durability and lightweight of the most traded metals, that is, aluminium and steel, has been ongoing for years and is never-ending, but how is the current trade policy shaping the trade of these metals in 2025? With a 50 per cent steep tariff imposed by Trump, will these metals have broader trajectories to unfold trade dynamics in the coming years.
To date, both aluminium and steel have their own unique trading dynamics, influenced by the volume and ways they are used, their pricing systems, and the global supply chains. Steel trade thrives on its strength and durability, making it a go-to choice for infrastructure projects, while aluminium is becoming increasingly popular due to its lightweight properties, especially in the automotive and aerospace industries. Here’s their market size and trade: In 2024, the market size of aluminium was between USD 189.3 billion and USD 249.83 billion, while the market size of steel was USD 1.47 trillion (approx.). Their trade values were USD 490.45 billion and USD 918.84 billion, respectively.
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