STATE OF BUSINESS: Facts & Figures, Aug. 25, 1947

Now You See If. ... Shipments of finished steel in the first six months of 1947 totaled 31,172,157 tons, more than the industry produced in any other comparable peacetime period, and almost as much as it turned out in all of 1939. Meanwhile, steel scrap prices, having climbed during the past three months to their highest level in 30 years, showed a sign of receding. In the key Pittsburgh area, the price of heavy melting scrap in one large sale dropped $2 a ton, down to $40. The widespread prospects of further...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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