U.S. INFRASTRUCTURE Wall Street sees stability and a hedge against a slump
Oct 01, 2007 | 02:59 PM
No one likes to profit from tragedy, but the harsh reality is that it sometimes takes one to kick things into high gear.
The deadly bridge collapse in Minneapolis, highlighting the poor condition of much of the nation's infrastructure, is a prime example, and likely will lead to increased infrastructure spending—or so one would hope.
This increased spending, in turn, should benefit the steel industry. Bridge repairs will require steel plate, light beams and structural shapes; new roads and highway supports will gobble up concrete reinforcing bar; and more steel rail will be needed if the nation is to keep up with increasing demand for mass transportation and rail freight.....
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