Business: Kaiser Plans a Steel Plant

If the steel companies do not wish to expand their capacity, the fabulous Henry J. Kaiser of Boulder Dam fame would like to do the expanding for them.

Not content with cracking the West Coast cement market and invading the never-before-invaded magnesium industry (TIME, March 3), he applied to OPM last week for a certificate of necessity to build $150,000,000 worth of steel mills in the West. His plans include blast furnaces in Utah for Rocky Mountain coal and ore; electric furnaces near Bonneville Dam to use cheap Government power to convert the Utah pig and scrap iron into high-grade steel; a...

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