On the general theory that anything very bad is bound to get better, some students of business are interpreting the 45% production rate of steel ingots and other lugubrious statistics of the steel industry as evident signs that it may be "turning the corner." However this may be, only mournful sounds come out of the steel camp. Sales are said to be running only about 30% of productive capacity, and shipments have thus greatly decreased forward orders on the books. This was quite emphatically indicated by an announcement of the unfilled tonnage of...
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