STEEL: A First for Bethlehem

When the blunt-bowed oreboat, S.S Bethore, nosed into its mooring at Sparrows Point, Md. last week, the red carpet was rolled out by Bethlehem Steel Corp executives. The ship carried the first load of Venezuelan iron ore (22,000 tons) ever to be brought to the U.S. The ore came from Beth Steel's open pit mine in the state of Bolivar. Bethlehem eventually expects to get 3,000,000 tons a year for its big Sparrows Point steel mill in return for the ten years of work and $50 million poured into the Venezuelan project. It has built a highway, a railway (the...

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