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...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!