; and (II) with respect to an iron or steel manufactured product, means that— (aa) the iron or steel manufactured product was manufactured in the United States; and (bb) the cost of the components of the iron or steel manufactured product that were mined, produced, or manufactured in the United States is greater than 60 percent of the total cost of the components of the iron or steel manufactured product. (ii) Exclusions The term produced in the United States , with respect to an iron or steel product or an iron or steel manufactured product, does not include an iron or steel product or an iron or steel manufactured product that was manufactured— (I) abroad from semi-finished steel or iron from the United States; or (II) in the United States from semi-finished steel or iron of foreign origin. (2) Requirement Funds made available under the program may not be used for a project unless all of the iron and steel products and iron and steel manufactured products used in the project are produced in the United States. (3) Waiver (A) In general On request of the recipient of a grant under the program, the Secretary may grant for the project of the recipient of the grant a waiver of the requirement described in paragraph (2) if the Secretary finds that— (i) the application of paragraph (2) would be inconsistent with the public interest; (ii) iron or steel products or iron or steel manufactured products are not produced in the United States— (I) in sufficient and reasonably available quantities; or (II) of a satisfactory quality