Steel Products Prices North America
January 8, 2021
CRU: U.S. Zinc Demand Starts 2021 on a More Solid Footing
Written by Helen O’Cleary
By CRU Analyst Helen O’Cleary, from CRU’s Zinc Monitor January 2021
After a turbulent start to 2021 for U.S. politics, President Biden begins his term with the unenviable task of bringing the Covid-19 outbreak under control and supporting the nascent U.S. economic recovery. He plans to start with a $1.9 trillion Covid relief plan and will then seek approval for a second spending initiative, including the Build Back Better infrastructure bill. Biden has reportedly confirmed that he will not immediately remove tariffs imposed by Trump on steel imports in 2018, which should mean that the U.S. steel industry can continue to benefit from current high prices on the back of capacity cutbacks last year and restocking in recent months as the auto sector has started to recover.
