STEEL: Assist

To boost its steel production, Youngstown Sheet & Tube Co. last week announced a $90 million expansion of its East Chicago (Ind.) mill. With 75 new coke ovens and a new 1,400-ton blast furnace, the new plant will raise Youngstown's steel ingot capacity by 20%, its pig iron capacity by 15%. When the new ovens are finished, Youngstown will move from sixth place among the steelmakers into a tie with fifth-place National Steel Corp. (capacity of each: 5,200,000 tons).

Youngstown's expansion is part of a $470 million program by 18 U.S. steel...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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