The largest steel ingot expansion in world history was approved by SPAB last week. The 10,000,000 new tons SPAB called for, added to some 3,000,000 now under construction, will bring the steel capacity of the U.S. to 99,267,468 tons, twice the entire capacity of Axis-controlled Europe and Japan. It will cost the U.S. Government $1,250,000,000, take at least two years to complete.
Basis of SPAB's action was a report by OPM's white-haired steel expert, William A. Hauck. At his instigation, 30 steel companies had submitted specific plans for expanding their plants in 15...
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