Water infrastructure bill to provide relief for steel industry, AISI says

May 21, 2014 | 06:52 PM | Nat Rudarakanchana

Tags  water infrastructure bill, waterways, water transportation, American Iron and Steel Institute, Thomas Gibson, water infrastructure, Thomas Gibson, Nat Rudarakanchana

NEW YORK — Water infrastructure legislation approved by the U.S. House of Representatives May 20 brightens the prospects for the iron and steel industry, according to the American Iron and Steel Institute.

The Water Resources Reform and Development Act, which was approved by a 412-to-4 vote, authorizes 34 stalled projects aimed at improving waterway locks and dams, and also will fund seaport dredging.

"Iron and steel moves on the entire inland waterways system," AISI president and chief executive officer Thomas J. Gibson told AMM. "Projects have been stuck for quite a long time. ... We need the waterways as much as we need the interstate highways. Our need is systemic."....

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