The Modern Steel Act Targets to Revive the Steel Industry
Steel News | 2024-08-14 22:13:09
The Act would give priority for new applications for projects in existing and legacy steel, iron, coke and coal communities.
By Paul Ploumis
SEATTLE (Scrap Monster): A new legislation, The Modern Steel Act, was introduced by U.S. Democratic Congressman Ro Khanna (CA-17). The new bill aims to revive the steel industry by building new iron and steel plants producing near-zero emissions in deindustrialized towns of the country. The bill aims to bring new generation steel back to America, strengthen domestic production, retain and create well-paying jobs, in addition to increasing global U.S. industrial competitiveness.
The bill, introduced by Khanna, in Johnstown, Pennsylvania, also received support from the United Steel Workers, Cleveland-Cliffs steel producer, and a number of industry organizations.
The Act would give priority for new applications for projects in existing and legacy steel, iron, coke and coal communities. In order to employ lower-emission technologies, the Act will facilitate upgrades to existing integrated mills and mini-mills. Furthermore, it will ensure that the facilities uphold strong labor standards and provide necessary training to employees.
Rep. Ro Khanna said that he is extremely proud to introduce a legislation that will not only revitalize the country’s iron and steel industry and strengthen its industrial base, but will also bring communities together. It marks the beginning of building a stronger, more resilient economy, he added.
YOU MAY ALSO BE INTERESTED IN:
An Analysis of Impacts of Imported Iron ans Steel on US Economy
