Steelmakers advocate for more infrastructure spending

03/26/2010 | Wall Street Journal, The

The top executives of several major steel corporations met with lawmakers to push their agenda: more investment in infrastructure to stimulate the building industry and less climate-change legislation. The steel industry was hard-hit by the recession, with steel mill operating rates slumping to 40% last year. Operating rates have since climbed back to about 67% as demand for steel has improved.

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