Insight

Can President-elect Trump’s infrastructure plan make steel and iron ore great again?

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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.

What's included

This report contains

  • Document

    Can President-elect Trump’s infrastructure plan make steel and iron ore great again?

    PDF 297.43 KB

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 4 images and tables including:

Tables

  • Iron ore production, consumption and trade

Images

  • 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

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