North America Metals & Minerals Project Construction Starts Total $22 Billion in 2018
Last year turned out to be the best year for Metals & Minerals project starts in North America since 2014.
The value of projects starting construction in the U.S. more than doubled in 2018, outpacing declines in activity of 11% in Canada and 17% in Mexico, according to Industrial Info's North American Project Spending Index.
Spurred on by a strong economy and sustained by the Trump tariffs, a good number of steel manufacturers began to implement projects in 2018. Construction activity increased from $13 billion in 2017 to $22.4 billion in 2018.
For more information, please subscribe to the IIR blog.