STATE OF BUSINESS: The Expansion of Steel

Like the hard-pressed copper fabricators (see below), U.S. steelmakers have seldom been so hard put to supply the nation. Americans are using steel at the alltime record annual rate of 1,350 Ibs. per capita, and demand is mounting steadily for consumer goods and a host of new steel products, e.g., stainless steel sheathing for buildings. Last week in Cleveland, Republic Steel Corp. announced plans for a $130 million plant expansion program that will boost its capacity 16% to 11.8 million tons a year within 20 months. Said Republic's President Charles M. White. 64, who succeeded tough Tom Girdler as...

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