According to Trump’s book, “Crippled America: How to Make America Great Again,” he has called for a “trillion-dollar rebuilding program” that will be “one of the biggest projects this country has ever undertaken.”
While the federal government goes through the political throes, states and cities seem to be ahead of the curve, spending billions of on infrastructure projects. The recent spending is still only a drop to what is needed, but municipal officials who have hesitated to borrow are beginning to loosen their purse strings.
“Trump has proposed a $1 trillion infrastructure plan; if implemented, that could be expected to lead in additional demand for steel, obviously an important component in many infrastructure products. Meanwhile, his proposal to reduce imports of Chinese products could be good news for domestic steel producers,” according to CNBC.
VanEck Vectors Steel ETF (NYSEArca: SLX)
