While deal volume in Q2 2019 saw a slight increase from Q1 2019, total deal value decreased quarter-over-quarter, primarily due to the absence of any megadeals in the second quarter of the year. The period was also lower for deals in the Metals sector compared to YTD 2018, as both deal volume and value were lower in YTD 2019. The most significant volume of deal activity in the sector continued to materialize in the Steel sub-sector, with the majority of deal value and volume made up of within-border transactions in North America and Asia.
“The headwinds created by political uncertainties, on-and-off trade negotiations, and the enactment of tariffs continue to impact deal activity through the second quarter of 2019.”
Metals Deals Leader, PwC US
US TAS Market Leader, Midwest Market, PwC US
Global Metals Leader, PwC US