Supply Chain

Sourcing routes, suppliers and strategic inputs

Direct EU→US imports vs supply routed via Canada or Mexico, with sanctions and scrutiny overlays.

Flows routed via Canada/Mexico
28%
Tariff-sensitive
Suppliers on political watch
4 / 20
Top-20 base
Avg customs clearance
3.8 days
▲ 0.6
Inputs above pre-buy trigger
2
Scrap, diesel

Strategic input basket — price stress vs pre-buy trigger

Alumina64 / trigger 75
Scrap (UBC)81 / trigger 70
Alloying elements58 / trigger 70
Carbon electrodes42 / trigger 60
Diesel & fuel77 / trigger 70
Power69 / trigger 75

Relevant signals

All signals →
11-05
Democratic leaders move to claw back Section 232/301 tariff authority
opportunitymediumTrade & tariffs
11-05
Congress signals appropriations leverage to force Iran de-escalation
bothmediumEnergy & Iran
11-04
Federal funding runs out December 11 — shutdown risk in lame duck
riskimmediateFiscal
11-05
Oversight committees prepare probes into Russian diesel and critical-mineral stakes
riskmediumInvestigations

Business exposure

Trans-Atlantic & inland freight
Market · Atlantic · Diesel, Bunker
€5m
watch
Canada-routed supply (Québec alloy)
Supplier · Canada · Canada tariffs, USMCA
€8m
elevated
US customs clearance (Baltimore, Houston)
Market · Ports · Shutdown, CBP staffing
€4m
watch

Decisions linked to this area

Decision log →
Introduce tariff-adjustment clauses in 2027 US contracts
Pending
Sales Director · due 28 Nov 2026 · €14–41m protected
Extend US energy & diesel hedge cover to 70% for H1 2027
Pending
CFO · due 15 Nov 2026 · €11m volatility
Pre-emptive review of counterparties exposed to oversight probes
Decided
CRO · due 25 Nov 2026 · Reputational
Shutdown contingency: accelerate customs & permit filings
In review
COO · due 01 Dec 2026 · €6m

Actions in progress

Arrange bonded storage at HoustonNot started
Logistics — E. Saarinen · due 05 Dec 2026