AEGIS Hedging - Metals First Look
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here.
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LME Aluminum 3M Select trades $-75.75 lower to $3455.50 at 8:12:49 AM
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(Bloomberg) – The Trump administration is preparing to outline a tiered system for its broad tariffs on steel and aluminum products in an attempt to simplify a process that has dogged American companies for months. The US will maintain 50% tariffs on a large number of derivative products in which the duty will be calculated by the value of the actual imported good, according to multiple people familiar with the matter who spoke on condition of anonymity to detail the plans. Many other products will be tariffed at a lower 25% rate, while some products will fall below that duty level. The administration is shifting the tariffs from content to the full value of the imported product, according to the people. All items in harmonized tariff schedule Chapter 72 and most in Chapter 73 will remain at the full 50% duty, and would be calculated by the value of the actual imported goods, the people familiar said. As an example, an imported steel pipe would be charged a 50% duty, not just the steel in the pipe. Certain items in Chapter 76 will incur a 50% duty. Products under the rest of the chapters that include steel and aluminum would get a 25% tariff, according to the people. One of the people said these duties are subject to change if imports don’t decline or if import data shows the situation hasn’t improved.
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LME Copper 3M Select trades $-202 lower to $12233 at 8:12:47 AM
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CME HRC Steel last traded at $1049 and $1 higher at 4/1/2026
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Price Indications
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Today's Charts
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Metals Factor Matrix
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AEGIS Factor Matrices: Most important variables affecting metals prices
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Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program. Certain information in this presentation may constitute forward-looking statements, which can be identified by the use of forward-looking terminology such as “edge,” “advantage,” “opportunity,” “believe” or other variations thereon or comparable terminology. Such statements are not guarantees of future performance or activities.
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