SMU Data and Models
August 19, 2021
SMU Market Trends: Mixed Reaction to Infrastructure Bill
Written by Tim Triplett
Roughly half of the steel executives responding to Steel Market Update’s market trends questionnaire this week believe the infrastructure legislation now working its way through Congress will have a significant impact on steel demand in the next year or two. The other half are unsure if the two parties in Washington can reach agreement even on such a feel-good issue as fixing the nation’s crumbling roads and bridges.
The Senate passed a $1-trillion infrastructure bill last week that included $550 billion in new federal spending. Of that amount, $110 billion is for highways, $25 billion for airports and $65 billion for high-speed internet access. The House is now considering a similar measure.
