U.S. steel industry prepares to deliver on Biden’s domestic steel mandate
U.S. steel industry prepares to deliver on domestic steel mandate
The U.S. steel industry is poised to see an increase in demand as the federal government imposes new requirements on infrastructure projects.
The U.S. steel industry is poised to see an increase in demand as the federal government imposes new requirements on infrastructure projects that will prioritize domestic manufacturing.
Beginning May 14, the Biden administration will require all federally funded infrastructure projects to be built with iron and steel made in the United States.
BIDEN WILL REQUIRE INFRASTRUCTURE PROJECTS BUY FROM AMERICA FIRST FOR STEEL, IRON
The White House previously issued separate guidance in April explaining the new "Buy America" requirements. The guidance also explained that such requirements can be waived if the purchase "would be inconsistent with the public interest," if the needed materials aren’t produced "in sufficient and reasonably available quantities or of a satisfactory quality" or if U.S. materials increase a project’s cost by more than 25%.