STEEL: 15,000,000 Tons More

The U.S. steel industry, with RFC funds, can and will expand its present capacity by 15,000,000 tons (17%). So says an OPM report on the President's desk this week. It also says that this expansion—about equal to the total capacity of the British steel industry—will "begin feeding steel into the defense program in about nine months" (it will be two years before it can be completed).

One reason the feeding can begin that soon: since an industry-OPM committee began scanning plants for a possible 10,000,000-ton expansion last spring (TIME, June 16), individual companies...

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