Business: Fast Comeback in Steel

"I don't want to sound like a Pollyanna," said a steelman last week, "but so far, everything is going better than we dreamed it could." With its 500,000-man labor force back on the job, the nation's steel industry was making an amazing comeback. Barely a week after the first furnaces were fired up again, the mills were up to 45.9% of capacity, and turning out 1,300,000 tons of steel. This week output should be clipping along at better than 60%, well ahead of the first estimates.

Republic Steel Corp. hit 70% this week, some five...

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!