Business: Brighter Steel

Last week steel production hit 101% of theoretical capacity. At the same time U.S. steelmasters breathed easier about the future. The 13,000 local salvage com mittee scrap drives so far have turned up 3.2 million tons, with still more to come.

By late spring 18 new blast furnaces will be in operation, giving the mills 6^ million tons more pig annually, or enough when added to their home scrap and what is turned back by steel-using industry, to meet all of next year's needs.

Danger now is that local scrap collec tions may bog down because scrap dealers are receiving more metal than...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!