The Steel Tube Institute (STI) announced a shift in the organization’s priorities for 2024 to reflect current trends in commercial construction. These trends indicate increasing demand for buildings that support the distribution industry, data centers, chips and battery plants and healthcare facilities.
Distribution and data centers, chip and battery plants and healthcare facilities require more and larger steel conduit than office buildings and hospitality facilities, and STI members are prepared to respond.
Global renewable energy capacity needs will require production to double by 2030, according to the International Energy Agency (IEA). In addition, several key federal policies driving steel demand are the Infrastructure Investment and Jobs Act (IIJA), the Inflation Reduction Act (IRA), and the Creating Helpful Incentives for the Production of Semiconductors (CHIPS) Act.