{"id":1024992,"date":"2023-07-30T15:34:41","date_gmt":"2023-07-30T15:34:41","guid":{"rendered":"https:\/\/democrats.org\/?p=1024992"},"modified":"2023-07-30T15:34:41","modified_gmt":"2023-07-30T15:34:41","slug":"icymi-us-steel-ceo-hails-ira-as-a-manufacturing-renaissance-act","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/icymi-us-steel-ceo-hails-ira-as-a-manufacturing-renaissance-act\/","title":{"rendered":"ICYMI: US Steel CEO Hails IRA as a \u2018Manufacturing Renaissance Act\u2019"},"content":{"rendered":"\n<p><strong>Key Point: <\/strong>\u201cThe Inflation Reduction Act is spurring manufacturers to return to the US in droves, the chief executive officer of US Steel Corp. said. \u2018This is the most amazing thing we\u2019ve seen in the United States for a very long time,\u201d David Burritt said in an interview with Bloomberg Television. \u2018It\u2019s a Manufacturing Renaissance Act.\u2019\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-28\/us-steel-ceo-hails-ira-as-a-manufacturing-renaissance-act?in_source=embedded-checkout-banner&amp;sref=j9PkcaMF\"><strong>Bloomberg<\/strong><\/a><strong>: US Steel CEO Hails IRA as a \u2018Manufacturing Renaissance Act\u2019<\/strong><\/p>\n\n\n\n<p>[By Eddie Spence and Kailey Leinz]<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Inflation Reduction Act is spurring manufacturers to return to the US in droves, the chief executive officer of US Steel Corp. said.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cThis is the most amazing thing we\u2019ve seen in the United States for a very long time,\u201d David Burritt said in an interview with Bloomberg Television. \u201cIt\u2019s a Manufacturing Renaissance Act.\u201d<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The IRA may drive stronger steel demand in the US, particularly from the metals-intensive renewable energy sector. Steelmakers also will benefit from tax credits for their decarbonization goals.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cI couldn\u2019t be more bullish on the steel industry,\u201d Burritt said. \u201cIt\u2019s fantastic to see that our country finally recognizes how important a strong manufacturing base is.\u201d<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earlier Friday, the company posted second-quarter profit and sales that topped estimates.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Point: \u201cThe Inflation Reduction Act is spurring manufacturers to return to the US in droves, the chief executive officer of US Steel Corp. said. \u2018This is the most amazing thing we\u2019ve seen in the United States for a very long time,\u201d David Burritt said in an interview with Bloomberg Television. \u2018It\u2019s a Manufacturing Renaissance [&hellip;]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1024992","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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