State of Business: Steel Wants More

Trooping into Manhattan last week for the annual convention of the American Iron & Steel Institute, executives of the U.S. steel industry had plenty to crow about. For the first time in a year, steel production stood above 2,000,000 tons a week, and the industry's operating rate was back to a "normal" 70% of capacity, 30 points above its midwinter low. Some steelmen even predicted that total steel output in 1961 may hit between 100 million and 105 million tons, v. last year's 99 million. But despite this heartening news, the conventioneers...

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