Steel Institute Applauds House Passage of Water Resources Bill

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For Immediate Release
May 20, 2014

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today applauded the U.S. House of Representatives’ passage, by a vote of 412-4, of a bill -- known as the Water Resources Reform and Development ACT (WRRDA) -- to fund port dredging and improvements and repair and replace aging inland waterways locks and dams.

"The steel industry relies heavily on seaports and inland waterways to move raw materials necessary for steelmaking and bring finished steel products to market. However, a bill to improve water infrastructure is long overdue," said Thomas J. Gibson, president and CEO of AISI. "Our nation’s seaports are heavily congested and not dredged to full capacity, while our inland waterways include obsolete and aging infrastructure that often results in costly delays – threatening more than one million U.S. jobs in the next six years. This long- awaited compromise bill will help ensure our nation remains globally competitive, and provide more efficient and cost-effective navigation for our vital water infrastructure needs."

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

Click here for a PDF version of this release.

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 22 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI's website at www.steel.org.