Japan: The New No. 3 in Steel

Even in the age of the atom, steel is still the vital measure of industrial might. The Soviet Union has made it national policy to catch up with U.S. steel production, the world's largest, and the other large steel producing nations never cease jockeying for advantage. Since World War II, no nation has reached for big steel status with more success than Japan, whose industry is among the world's most advanced and whose exports have raised the ire of competitors in both the U.S. and Europe. Now Japan has taken over from...

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