Behind the Cut
This week the Scientific Cutting Tools team discusses the impact of trade and manufacturing policies on the tungsten carbide market. China's reduced tungsten mining has led to a significant supply shortage, exacerbated by increased global demand, particularly for munitions post-Ukraine crisis. Tariffs on imported tungsten from China have further raised costs, with prices rising from $340 to $600 per metric ton. The team also touches on US Manufacturing inflation, tariffs, and labor shortages, and the need for manufacturers to adjust their prices accordingly.
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