STEEL: Small Cost

Following the lead of U.S. Steel Corp., most of the other steel companies last week upped prices an average of $4 a ton, or 4%. The rise was to compensate for higher costs, including the steelworkers' new pension program. Bethlehem Steel Co. was the first of the big steelmakers to tell just how much its new pensions would cost. Chairman Eugene G. Grace said: "Only a relatively small percentage of employees will . . . receive pensions, because the great majority of them either die or otherwise...

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