Steel: Knocking on Wood

As they gaze around their gleaming, steel-furnished executive offices, U.S.

steelmen may well be looking for some wood to knock on. With only a little bit of luck, they have a chance to make 1966 their third straight year of rec ord production.

This is so despite the fact that autos, which used up 21.7% of steel production in 1965, have not been selling as well so far this year. It once was a truism that what was good for Detroit was vital for steel, and vice versa. This year's performance seems to indicate that steel, while still dependent on Detroit,...

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