Mineta to Explore DOT's Steel-Price Options, Including Legislative 'Fix'
With steel fabricators and contractors hurt by the jump in steel prices, Transportation Secretary Norman Mineta said he plans to explore ways to ease the pain from the price hike, including possibly seeking legislative changes. Construction industry officials have been exploring a legislative "fix" to the steel problem, but if DOT decides to support such a change, it could give that option a major push.
Mineta told reporters on April 15 that the impact of higher steel prices "is a real issue that's facing us right now." He added, "I know from a national perspective this has really impacted steel fabricators."