A bill that is expected to produce more jobs in the steel industry was introduced by senators.
The Steel Preservation Act says that it’d continue to provide protection for the American steel industry. According to a news release, the act will create a tax credit worth $2 per barrel of oil equivalent for the production of steel industry fuel made at a steel industry fuel facility placed in service within 18 months the legislation passing.
Senator Capito believes the bipartisan bill would “create thousands of jobs for West Virginians and for others across the country” along with preserve the steel industry.
The bill would eliminate an Environmental Protection Agency (EPA) Steel industry fuel waste that is hazardous and save energy. Steel industry fuel is produced through a process of liquefying coal waste sludge