The biggest electric steel plant ever to be built in the U.S. was last week proposed by OPM. With an annual capacity of 504,000 tons, the plant (to cost about $8,000,000) will be built with Government money in South Chicago, operated by Republic Steel Corp. It will be ready for part-time operations in eight months.
With this addition, total U.S. electric steel capacity will be 3,900,000 tons, 50% more than at year's beginning. The clean heat of an electric furnace produces tough, highly resilient steels for bullet-resistant armor plate, shells and gun barrels....
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