Business & Finance: Steel

The steel industry, in sharp contrast to its mood of last summer, now cheerfully faces the future. Prices of bars, shapes, plates and wire products have advanced under broadening buying, while the Steel Corporation has raised its prices on black sheets $2 a ton, and on galvanized and automobile sheets $3 a ton.

Activity of mills, despite temporary setbacks, continues to increase; and the whole steel industry is now approaching a more respectable hailing distance of its capacity. This fall, the lettings for structural steel have run about 73% of capacity. The sheet steel...

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