Another funny thing is that this person is paying premium price to block people. I guess a person truly can buy happiness.
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that amount of steel isn't sitting around somewhere. I hope they have already placed orders for massive volumes of steel that will be needed. Will they loosen restrictions on Chinese steel to help fill the order without overwhelming the market? Fortuitous time for Japan to take over large US Steel supplier or will this give Biden reason to block the sale..hmm..new conspiracy Biden opposes Nippon Steel's US Steel takeover plans | AP News
I haven't heard about this before your post but I would oppose this if I was President as well. Steel production is a national defense issue and it needs to remain in Americas hands.
I get your point but I imagine the replacement bridge will be bigger and stronger, obviously requiring more steel.
don't think it is going to meet spec , lots to be recycled though. imagine the size of the yard they are going to need for a lay down yard to bring all this too and then chop it up for transport to recycle
agreed, but the steel in the bay is a long way from being recycled and ready to build with. I would think that the sheer tonnage of steel demand that is going to add to the market for new steel can't help but impact the price of steel.
I agree that it will impact the price, but I would think in the big picture of steel availability in this country, what is needed for the rebuild should not send them into a frantic shock. It is a lot of steel for the job, but shouldn't we be producing a $hit load more to take on this demand without too much difficulty?
I’d be stunned to learn that the rebuilding one steel truss bridge in the US would lead to higher steel prices. My keen common sense tells me that’s nonsense. I hope that instead of just a rebuild the plan is eventually replace it with a modern design. It was an exceptionally ugly out of date structure.
Most bridges constructed in corrosive environments are built with duplex stainless steel now which is a different grade of steel. Duplex was not used in bridges when the FKS bridge was built (bridge usage really only came about in the past 20 years).
Steel - Price - Chart - Historical Data - News This is showing steel prices near 4 year lows. The price can move up for sure with this new demand for the bridge but I don't think it is overly expensive based on history.
It won’t - my company is a minor player in the overall steel market and we literally buy more than half a billion pounds of stainless steel a year. It’s not a lot of steel in the grand scheme. There is also a lot of time to secure the steel. People need to understand that it will take a good three years if they expedite and using the most optimistic timeline to get to steel procurement.
It’s currently not high but the Covid time was an anomaly that shouldn’t be used as a point of comparison. Steel is typically pretty bound in its price range but Covid threw a wrench in that. We were literally selling product at a loss due to a couple locked in contracts.
