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...

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