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US infrastructure investment may boost steel demand

发布时间:[2021-8-16 13:13:10]    浏览量:87次
According to the report, the United States (US) Senate recently approved the act of infrastructure which scales with around US$1 trillion to boost the domestic steel demand. Some American steel buyers mostly agree to this measure and expected to increase steel demand, especially steel flat products and rebars.

American Iron and Steel Institute (AISI) estimated that every US$1 billion of infrastructure need 50,000 short tons of steel, among them, the highway construction project required 17 million short tons of steel. AISI said that the American domestic demand for steel was 112.2 million tons in 2018