Steelworker Chief David McDonald bounced into a Washington cocktail party one afternoon last week in an angry mood. He told listeners that the steel companies had welcomed the strike of the 650,000 steelworkers as a chance to work off heavy steel inventories, and concluded: "If that's the kind of game they're going to play, I think I'll keep the men out after the inventories are exhausted."
If McDonald kept his impetuous threat, the strike might last another month, possibly longer. Last week Steel magazine reported that most companies had at least a 30-day inventory on hand, with Detroit, the biggest user,...
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