1. Short title This Act may be cited as the Steel Industry Preservation Act . 2. Extension and modification of credit for steel industry fuel (a) Credit period (1) In general Subclause (II) of section 45(e)(8)(D)(ii) of the Internal Revenue Code of 1986 is amended to read as follows: (II) Credit period In lieu of the 10-year period referred to in clauses (i) and (ii)(II) of subparagraph (A), the credit period shall be the period beginning on the first date that the facility first produces steel industry fuel that is sold to an unrelated person after the date of the enactment of the Steel Industry Preservation Act , and ending 10 years after such first date. . (2) Conforming amendment Section 45(e)(8)(D) of such Code is amended by striking clause (iii) and by redesignating clause (iv) as clause (iii). (b) Extension of placed-in-Service date Subparagraph (A) of section 45(d)(8) of the Internal Revenue Code of 1986 is amended— (1) by striking (or any modification to a facility) ; (2) by striking placed in service before and inserting placed in service— (i) before ; (3) by striking and at the end and inserting or