Insight
Can President-elect Trump’s infrastructure plan make steel and iron ore great again?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
During his pre-election campaign, and again during his victory speech, President-elect Trump has made bold statements about investment in US infrastructure. Promises to fix infrastructure in dire need of an update have rallied the market. We have seen a surge in share and raw materials prices and an overall improvement in sentiment. Commodity market participants want to understand if this optimism is grounded in reality or just wishful thinking – particularly with regards to steel and iron ore. We believe the overall impact will be small but in this Insight we attempt to quantify it.
Table of contents
- Putting US$1 trillion infrastructure investment in context
- How much steel is consumed in US infrastructure?
- What will an addition US$1 trillion change?
- Summary
Tables and charts
This report includes the following images and tables:
- Additional US$ 100 billion per year compared to previous infrastructure investment and spending
- Around 6% of steel is consumed in infrastructure in the US (including oil and gas infrastructure)
- Additional infrastructure investment will have a small contribution to overall steel demand
- Iron ore production, consumption and trade
What's included
This report contains:
Other reports you may be interested in
Insight
China steel and iron ore: Liaoning research trip takeaways
Domestic mine output growth faces multiple challenges
$1,050
Insight
Perth metals briefing - market dynamics, outlook and geopolitical influence
During our Perth briefing we looked across commodities with a deeper dive into lithium, copper, gold and iron ore.
$1,050
Insight
Geothermal Market Update Q1 2025
Geothermal growth continues, fueled by rising policy support and investment despite geopolitical uncertainties.
$1,250
