STATE OF BUSINESS: Boost for Steel?

After all the backing & filling on steel prices, steel is getting ready for another rise. This week OPS sent out drafts of an order that will allow steelmen to adjust their prices to higher costs, using the Capehart formula. Only steelmen know how much the boost will be. But Washington price controllers, who have been saying no to an increase for months, now guess that steel may jump anywhere from a dollar or two to as high as $8 a ton, thus giving inflation another nudge.

But in other industries last week the signs were of deflation. Because arms production...

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