US Steel Caucus Urges for Buy America in US Infrastructure Plan
NW Times reported that US Congressional Steel Caucus has urged US House of Representatives leadership to support Buy America policies in any infrastructure and recovery bills. US Congressional Steel Caucus Co Chairman Northwest Indiana congressman Mr Frank J Mrvan spoke in the US House chamber “Any federal investment in our public infrastructure must be used to support American workers and American steel and manufacturing industries. I look forward to continuing to work with the House leaders and members of the Steel Caucus to expand and strengthen Buy America requirements in forthcoming legislation to invest in our economic recovery.”
More than 50 members of the Congressional Steel Caucus have sent a letter to Speaker Ms Nancy Pelosi and Minority Leader Mr Kevin McCarthy saying that as the House works to enact measures that will support a robust recovery, it is essential that public infrastructure investments be directed to US production and American workers throughout the steelmaking supply chain. Co Chairman Mr Conor Lamb said “Rebuilding our infrastructure starts with a commitment to American workers. Buy America is a common sense commitment to our critical domestic industries, including steel and manufacturing that provide family-supporting jobs in districts like mine instead of sending them overseas to China.”
The letter noted America's steel industry has been responsible for supplying highways, bridges, rail, airport, public transit, energy construction and other vital infrastructure all across the United States for more than a century. But it noted US steel mills face unprecedented threats from subsidized and dumped imports as a result of global steel overcapacity, especially from China's state-run steel industry that produces more steel than market forces would justify. The Congressional Steel Caucus called for closing any loopholes that would allow tax dollars to be spent on foreign-made steel and called for an all manufacturing processes standard that would ensure all steel used in federal infrastructure projects would be made by American steelworkers at steel mills in the United States.
The USD 2 trillion infrastructure plan proposed by President Mr Joe Biden in March would increase steel demand in the US and help prop up sagging private sector non residential investment. The eight-year plan, which includes broader initiatives such as high speed internet connectivity alongside traditional infrastructure projects, would put about USD 200 billion into road and rail projects, which would lift demand for long steel products such as rebar and wire rod. The increased demand could also prop up sagging investments by private industry in non residential construction. Private non residential construction consists of office buildings, hotels, and other steel-consuming structures. Public infrastructure like roads and bridges could also consume some of the steel that the private sector is no longer using.