How strong is steel? That question preoccupies economists as well as bridge builders, makes the weekly figures on steel production among the most closely watched in the nation. Last week steel production was due to slip to below 80% of capacity for the first time in 1960, dropping for the fifth straight week.
Some experts blamed the rise of the compact car as a major cause of the steel slump, since each compact uses more than half a ton less steel than a standard model. But if the Big Three compact cars produced during...
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