STEEL: New Boost?

Steelmen last week started making noises about a new price boost. In Pittsburgh, National Steel Corp.'s Chairman Ernest T. Weir called in reporters and told them: "The [steel] industry basically does not make enough money. Its prices are too low." Armco's President Weber W. Sebald said that his company is studying its price lists, and expects to make some upward adjustments soon. At a Miami convention of steel distributors, U.S. Steel's Chairman Ben Fairless referred to the "sub-competitive price" of steel, and said: "There's no fat left on our financial bones . . . Since 1940, U.S. Steel's employment costs...

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