Trump's planned big spend on US infrastructure would add incremental demand each year for 5 years

  • This would coincide with a decline in global oversupply as China cuts capacity

Morgan Stanley notes a word of caution though:

  • Plan is still in its early stages
  • Will clearly be hurdles and changes as legislation is pushed through Congress

MS report, via the folks at Bloomberg

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Better unmothball those Chinese steel plants (& buy MOAR iron ore)