Demand from hurricane repairs will not help US steel in short term, AISC says

The damage caused to the southern states of the USA by Hurricanes Harvey and Irma is unlikely to provide a big boost to US steel demand any time soon, a construction association executive has said.

“If you look at the pictures, what you immediately see is that most of the major damage is in structures that are [made of] wood,” John Cross, vice president of special projects for the American Institute of Steel Construction (AISC), said. Single-family homes, low-rise hotels and shops made of wood sustained the worst damage. In infrastructure, damage was primarily related to concrete bridges and roads that were washed out, Cross said, speaking during the Steel Tube Institute’s autumn meeting in Schaumburg, in the state of Illinois, on Wednesday September 20. The result will be that prices and availability for wood and cement will be affected by the storms. Wall-board also suffered water damage on a massive scale, which means that the gypsum from...


Michael Cowden

September 20, 2017

22:55 GMT