Energy is typically 20% or more of the cost of making steel and the availability and reliability of supplies of these energy sources is essential to our industry’s international competitiveness, especially as steelmakers in competitor nations received subsidized energy.
AISI members are doing everything they can to increase energy efficiency, and the U.S. industry is leading the way by effectively setting the bar for steel industry efficiency worldwide.
The discovery and increased production of oil and natural gas from domestic shale formations is a game-changer for the domestic steel industry. Affordable natural gas is presenting all steelmakers with new options for how to make their products more efficiently.
Industry Position: AISI believes that Congress should craft a comprehensive and market-driven energy policy built around promoting full development of domestic energy sources, support for industrial energy efficiency improvements, and the development of breakthrough technologies. More »