Mineta Exploring Steel-Price Options, Including Legislation
With steel fabricators and contractors bruised by jumps in steel prices, Transportation Secretary Norman Mineta says he plans to explore ways to ease the pain. They may include seeking legislative changes from Congress.
The Federal Highway Administration said on April 9 that it cannot provide price adjustments to existing contracts. That led construction officials to look into a legislative fix for the steel problem. If Mineta decides to back such a change, it would give that option a major push.