Obama Plans Largest Building Program Since 1950s
By Hans Nichols
Dec. 6 (Bloomberg) -- President-elect Barack Obama said he’ll make the “single largest new investment” in roads, bridges and public buildings since the Eisenhower Administration to lift the sagging economy and create jobs
Wonder if any steel will be used?
Anyone ever hear of concrete ? When was the last time you saw a NEW bridge in steel ? Most are pre cast conc. tees. A lot less up keep. The only steel in a road is the re-bar and sign posts. Buildings ... (my area of expertiese) are 2 to 3 years to design, with the steel costs skyrocketing the last few years, most are being designed in concrete.
Nucore did plan to startup a re bar plant in the SW last spring that was idle ... good fore thought. But not the high $$$$ as beams and plate
Steel IS a recyclable. Wind is a renewable.
Pretty tough to use wind to build a bridge. It takes steel and concrete to make the span. However, each of those large windmill consume a lot of steel as well.
Imagine all the steel required for a large off-shore (i.e. of the coastline) wind mill farm!
It will take many many years before any benefit is realized to the steel industry. Right now there are worries that many steel companies will be going chapter 11 the next few months. By the time the infrastructure projects come about it will be way too late.
I disagree with that, based only on my experiences working on bridges. There is a good bit of steel that go into them and Obama said that he would be implementing plans where only the money is needed.
My area has interstate projects with the engineering fully completed and is waiting on the state to quit building 4 lane highways to the outhouses of rural representatives so that interstate "outerbelt loops" around highly populated areas can be completed- all this is near NUE's national headquarters.
>>Right now there are worries that many steel companies will be going chapter 11 the next few months.<<
Let them go down. I am sure it will not be Nucor. Nucor will get a bigger piece of the pie.
The STLD conference call last week discounted the value of infrastructure to the steel companies. Busse was not optimistic that they would see any extra orders for infratructure steel before later quarters on 09 if lucky.