Finance: Iron and Steel

The expansion in production and trade, and the upward trend in raw material prices, were both strongly maintained. Perhaps the most interesting and significant examples of economic tendencies now visible throughout almost all lines of business, have been furnished by recent developments in iron, steel, oil, cotton.

The first named industry is now experiencing a veritable boom, attended with record production and mounting prices. Current production of pig iron has surpassed even the unusually active month of March, 1920, which followed the futile steel strike of 1919, and is now only some 3...

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