Insight

Russia-Ukraine war metal market disruptions

What it means for the economy and industries

Eric Logan

Eric Logan

Principal, Corporate Strategy, KPMG US

+1 216-875-8191

Tim Mahedy

Tim Mahedy

Senior Director, Office of the Chief Economist, KPMG LLP

+1 415-963-5103

The economic impact of the Russian invasion of Ukraine is being felt around the world, as sanctions and export controls take hold. The impact of rising costs and supply shortages will contribute to overall inflation and will be felt across industries, but most severely in manufacturing—from aircraft to autos and industrial machinery. However, U.S. manufacturers may be less severely affected than companies in other countries that rely more heavily on international trade.

In this bulletin, we assess the impacts on the U.S. economy and various industries caused by disruption of global metal markets.