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North America Metals & Minerals Project Construction Starts Total $22 Billion in 2018, an Industrial Info Market Brief


Industry Segment: Metals & Minerals | Word Count: 94 Words
Attachment: Metals

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.

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