STEEL: No, Thanks!

STEEL No,Thanks!

Politely but firmly, U.S. Steel last week informed the Defense Plant Corp. that it would neither lease nor buy the Government-constructed $200 million Geneva steel works near Provo, Utah. Instead, Big Steel opened its campaign for the potentially lush Western market by earmarking $25 million for the expansion of its subsidiary, the Columbia Steel Co., of Pittsburg, California.

This unexpected turndown left the Defense Plant Corp. with only two prospective tenants for Geneva—the Colorado Fuel & Iron Corp. and a syndicate headed by Henry Kaiser, indefatigable champion of basic industry for the West. Neither has made a specific bid for...

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