STEEL: New Profit Champ

Most stock-minded followers of U. S. business judge companies by the dollars they earn for each share of their common stock. But steelmen have a score card all their own for the performance of each of the U. S.'s 15 leading steel companies. This is the dollars each earns per ton of ingot-making capacity.

Throughout the '305, profit-per-ton leadership shuttled back & forth between Chicago's Inland Steel and Pittsburgh's National Steel, spry mass-producers of flat steels. During those years, steel fans assumed that when the industry got back to 90% operations, profit-per-ton leadership would be captured by U. S. Steel and...

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