"The strength of this commitment is based on the significant investment made by the industry in market development over the past five years that provides steel-based solutions to the rebuilding challenges we're seeing in the Gulf Coast region," said John Surma, chairman of AISI and chairman and CEO of United States Steel Corp. "The $1.1 million funding for the Gulf Coast Steel Initiative is in addition to more than $7 million already contributed to the disaster relief effort by North American steel companies on an individual basis."
Resources will be used to mobilize efforts that support local communities and businesses in the rebuilding process that utilize the expertise available through AISI's Market Development programs, particularly in the areas of steel framing and roofing. In addition, steel is playing a major role in solid waste reduction through its recycling program. The residential market is being targeted for the project.
The Gulf Coast Steel Initiative objectives are the following:
Work with affected communities to support the use of state-of-the-art design and construction practices for hurricane-prone areas by providing educational programs for building inspectors,
Encourage the introduction of insurance and lending programs that promote the use of durable construction materials,
Partner with local contractors and technical schools to train workers on how to build homes using steel framing and roofing, and
Assist with clean-up efforts by facilitating steel product recycling throughout the region, which will provide business owners and consumers with information on where they can take their steel products to have them recycled.
The supporting companies of the Gulf Coast Steel Initiative are:
AK Steel Corporation
California Steel Industries, Inc.
Dofasco Inc.
IMSA ACERO, S.A. de C.V.
IPSCO Inc.
Mittal Steel USA
Nucor Corporation
Shenango Incorporated
Steel Dynamics, Inc.
United States Steel Corporation
USS-POSCO Industries
Wheeling-Pittsburgh Steel Corporation
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