STEEL: Second Time Round

Engineer Gano Dunn, author of one optimistic report on the adequacy of U.S. steel capacity for war needs (TIME, March 10), gave Franklin Roosevelt his second guess last week. Nub: next year the U.S. will produce 6.4 million tons of steel less than it needs.

Dunn's first report was a godsend to Franklin Roosevelt, who needed good news at the time. Skipping its many ifs, he broadcast its cheerful conclusion: that in 1941 we would have a 10.1-million-ton surplus, in 1942 a 2.1-million-ton surplus, after all military, export, and normal civilian needs....

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