Insight
Can President-elect Trump’s infrastructure plan make steel and iron ore great again?
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$1 trillion change?
- Summary
Tables and charts
This report includes 4 images and tables including:
- Additional US$ 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:
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