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
Can green steel technology be developed for real?
A deep-dive analysis of five non-BF technologies’ feasibility
$1,050
Insight
Trump tariff turmoil – what does it mean for galvanized sheet and zinc
In this insight we examine the potential impact of US tariffs on prices and flows of galvanized steel and zinc.
$1,050
Commodity Market Report
Europe energy prices: January 2025
Europe energy prices provides a comprehensive outlook for fuel, carbon and power prices in Europe to 2050.
$15,000
