Time Clock, Jul. 9, 1956

URANIUM ORE PRODUCTION in the U.S. is up to nearly 3,000,000 tons annually (v. 70,000 tons in 1948), thus making U.S. the free world's leading producer, says AEC Raw Materials Director Jesse C. Johnson. U.S. ore output will eventually climb to 5,000,000 or 6,000,000 tons annually.

BIGGEST STEEL PLANT for South is planned by Jones & Laughlin Steel Corp. The $250 million plant near Houston will have capacity of 1,000,000 ingot tons. If J. & L. can get Government fast tax write-off for plant, project will probably start late this year.


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