On Monday, President Joe Biden signed the Infrastructure Investment and Jobs Act into law on the heels of months of debate in Congress. The $1 trillion bill includes hundreds of billions of dollars for infrastructure improvements for roads, bridges, the electric grid and more. The U.S. steel industry will likely emerge as one of the biggest winners in America’s infrastructure revamp. The U.S. steel sector’s capacity utilization rate reached 84.1% for the week ending Nov. 13 , the American Iron and Steel Institute reported. Steel capacity utilization Steel capacity utilization reached 84.1%, up from 83.4% the previous week. Steel output last week totaled 1.86 million tons, up 0.6% from the previous week. On a year-over-year basis, steel output jumped by 14.5%. Last year at the same point, steel capacity utilization reached 73.3%. For the year to date, steel output has reached 82.58 million tons, up 20.0% year over year. […]