Business: Soviet Steel Supremacy?

"The U.S. steel industry is not competitive economically with the Soviet steel industry. We have yet to learn this the hard way, but one day we shall." So last week said Alfred S. Glossbrenner, president of Youngstown Sheet & Tube Co., sixth biggest U.S. steelmaker.

Speaking to a Cleveland meeting of the American Iron and Steel Institute, Glossbrenner cited some evidence to support his stand: "Soviet production has tripled in the last ten years. Fifty-six million tons of steel were made in 1957. Sixty million tons are expected to be made this year. The Soviets this year will come within 25 million...

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