Steel sector waits on demand from infrastructure bill

Three years after President Biden signed into law the $1.2-trillion Bipartisan Infrastructure Bill, the steel sector has been banking on the demand generated from projects to improve bridges, ports, rail, airports, and more.

So far, nearly $570 billion in funding has been announced for over 66,000 projects and awards.
Still, it’s taken time for those effects to take hold, as projects can take years to get through the approvals process before ground is broken. Most of the impact from the bill will likely be seen next year, sources say