CRU: Potential Implications of a Biden Administration

With early voting underway, record breaking mail-in ballots, and a final voting date a mere 14 days away, it is safe to say that much is riding on the upcoming U.S. presidential election. With two candidates who share little common ground in a bitter election battle, it’s clear that a shift in presidential administration will bring about much change. What does that mean for the steel, commodity and manufacturing industries? More importantly, what would a Biden presidency signify for trade, climate and fiscal policy?

Current polls point to a possible Biden win. As a result, CRU economists have tackled these questions and provided a high-level analysis of the United States’ current economic landscape and the potential changes a Biden administration would bring.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.