The steel industry was in a production slump and fighting bitterly to keep it from getting worse. Its last week's output of 1,553,684 tons was the lowest for any nonholiday period since April 28, 1941. Total production loss since the week of Jan. 13, when the slump started, has been over 500,000 tons.
The industry knew all about the reasons for the slump. They were as obvious as a blast furnace: shortages of manpower, fuel and scrap, and a surplus of new war orders that upset production schedules. There was a new one,...
To continue reading:
or
Log-In
