STEEL: New England's First

When it comes to steel, New England thinks it is the stepchild of U.S. industry. Although it is a big steel user, it has never had a fully integrated mill of its own. Last week, after almost five years of planning, the New England Steel Development Corp. announced that it would build a $250 million steel mill with an annual capacity of 1,000,000 tons.

Head of the Development Corp. is Clifford S. Strike, president of F. H. McGraw & Co. (TIME, Jan. 1), which plans to build the mill on a 1,600-acre site with an 8,000-ft. waterfront...

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!