Business & Finance: Steel

Steelmen expected, last week, to find their industry in its customary, unalarming summer doldrums. With surprise and pleasure, therefore, they noted that mighty U. S. Steel Corp. reported unfilled orders (traditionally significant) on June 30 of 3,637,009 tons, an increase of 220,187 tons over May. They noted further that July production was at 75% of capacity, a high average for midsummer. And Carnegie Steel was anticipating even better business by raising prices of steel products $2 a ton, returning to the price levels of the early part of 1927.

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